Thomas Weisel Raises Price Targets on Numerous Gold Stocks (ABX, AUY, AEM, more)

Thomas Weisel raised price targets on numerous gold-related stocks this morning, but its more optimistic view is not offsetting downside from a $25 slide in the underlying commodity and gold stocks are trading lower.

Raised price targets on:

• Barrick Gold (NYSE: ABX) from $34 to $37, but downgraded the stock from Overweight to Market Weight
  
• Goldcorp (NYSE: GG) from $24 to $32
  
• Yamana Gold (NYSE: AUY) from $6 to $7
  
• Eldorado Gold (NYSE: EGO) from $6.50 to $8
  
• Agnico-Eagle Mines (NYSE: AEM) from $37 to $49
  
• Iamgold (NYSE: AIG) from $6 to $7
  
• Kinross Gold (NYSE: KGC) from $17 to $22

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