{
}
UBS has recommended investing in gold mining companies Endeavour, Barrick, and Franco-Nevada. This endorsement highlights the potential for growth in the gold sector amid current market conditions. Investors are encouraged to consider these stocks for their portfolios.
UBS has downgraded Agnico-Eagle from Buy to Neutral while raising its price target to $110 from $100, despite the stock trading near its 52-week high. The company has shown impressive returns, outperforming peers and maintaining dividends for 33 years, but UBS notes limited upside without further gold price increases. Agnico-Eagle has also made strategic acquisitions, including O3 Mining and increased stakes in Collective Mining and Cartier Resources, aligning with its growth strategy in the mining sector.
Wellington Management Group LLP increased its stake in Barrick Gold to 64.3 million shares, valued at $996.8 million, while Capital International Investors raised its holdings by 136.1% to 33.3 million shares worth $516.1 million. Mackenzie Financial Corp also boosted its investment by 1.9%, owning 15.3 million shares valued at $237.3 million. Hedge funds and institutional investors now hold 62.85% of Barrick Gold, which has received a "buy" rating from UBS Group with a target price of $22.00, indicating a potential upside of 19.21%.
UBS has upgraded Barrick Gold to "buy" from "neutral," citing long-term growth potential from mine ramp-ups. Shares rose 2% to C$26.19, supported by a weaker dollar and rising gold prices. UBS projects gold at $2,900/oz and notes that Barrick offers significant organic growth despite challenges in Mali and Reko Diq. With 9 of 13 brokerages rating the stock as "buy" or higher, the median price target stands at $32.45, while Barrick's stock has increased 17.5% year-to-date.
UBS upgraded Barrick Gold's outlook from Neutral to Buy on March 5, 2025, forecasting a 32.59% price increase to an average target of $23.51 per share. Despite a projected 8.24% revenue decline to $11,857MM, institutional ownership rose by 2.91%, with a bullish put/call ratio of 0.52.
UBS has upgraded Barrick Gold Corp. from Neutral to Buy, setting a price target of $22, citing a positive outlook on gold and the stock's undervaluation. Despite a recent revenue miss, the company reported strong gold production and has reached a preliminary agreement with the Malian government to resolve a dispute over the Loulo-Gounkoto mine, which could enhance future operations.
UBS has upgraded Barrick Gold to a Buy rating with a price target of USD 22, citing a positive outlook on gold and the stock's undervaluation compared to peers. Despite a recent decline in market value, Barrick Gold's strong financial health and potential resumption of operations in Mali could drive future growth. The company reported fourth-quarter earnings in line with expectations, with gold production exceeding estimates, while also reaching a preliminary agreement with the Malian government to resolve a dispute over the Loulo-Gounkoto mine.
UBS has upgraded Barrick Gold shares to a Buy rating with a price target of $22, citing a positive outlook for gold and the stock's undervaluation compared to peers. Despite a recent decline in share value, Barrick Gold's strong financial health, including a 39-year dividend history and revenue growth of 13.38%, positions it favorably for recovery, especially if operations in Mali resume. Additionally, Barrick reported fourth-quarter earnings in line with expectations, though revenue fell short, while gold production exceeded estimates.
Gold mining in the U.S. is concentrated in several key states known for their rich deposits. These states lead the nation in gold production, showcasing the country's significant role in the global gold market. The mining activities contribute to local economies and the overall industry landscape.
Arc Minerals has reported promising assay results from its joint venture with Anglo American in Zambia, revealing 0.6% copper over a 40-meter thickness and high-grade intersects of 1.7% copper. With significant funding of nearly $90 million from Anglo, the company is well-positioned for exploration in a region known for its copper potential. The ongoing rainy season has paused drilling, but plans are in place for a busy year ahead as they review data and prepare for future operations.
Barrick Gold Corporation
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ubs recommends investment in gold miners endeavour barrick and franco-nevada
16:43 31.03.2025
ubs downgrades agnico-eagle stock rating but raises price target to 110
United States Dollar
Barrick Gold Corporation
Cartier Resources Inc.
Newmont Corporation
Collective Mining Ltd.
Agnico Eagle Mines Limited
O3 Mining Inc
CAN
Daniel Major
Show more
09:04 31.03.2025
barrick gold sees significant institutional investment and stock rating upgrades
Mackenzie Financial Corporation
Berenberg Bank
Wellington Management Group LLP
Van Eck Associates Corporation
TD Securities Inc.
UBS Group SA
Barrick Gold Corporation
USA
CAN
Show more
09:04 07.03.2025
ubs upgrades barrick to buy on growth potential and gold price rise
16:45 05.03.2025
ubs upgrades barrick gold outlook to buy with significant price target increase
13:04 05.03.2025
ubs upgrades barrick gold to buy with twenty two dollar target
Euro
United States Dollar
Newmont Corporation
Barrick Gold Corporation
MLI
USA
CAN
Daniel Major
Michael Raymond-James
Show more
07:06 05.03.2025
ubs upgrades barrick gold to buy with new price target of 22 dollars
United States Dollar
Newmont Corporation
Barrick Gold Corporation
MLI
USA
CAN
Daniel Major
Michael Raymond-James
Show more
07:01 05.03.2025
ubs upgrades barrick gold to buy with price target of 22 dollars
United States Dollar
Newmont Corporation
Barrick Gold Corporation
MLI
USA
CAN
Daniel Major
Michael Raymond-James
Show more
07:01 05.03.2025
top gold mining states in the united states
14:52 18.02.2025
arc minerals reports positive copper assay results from anglo american joint venture
Arc Minerals Limited
Barrick Gold Corporation
Anglo American plc
First Quantum Minerals Ltd.
ZMB
Nicholas Von Schirnding
Show more
12:16 10.02.2025
Trending
Subcategory
Corporate News
Stock Market Updates
Industry Trends
Industry Mergers & Acquisitions
Finance Mergers & Acquisitions
Domestic Politics
Banking Regulations
Global Financial Events
Retail and Consumer Goods
CEO Changes
Government Policies
Workplace Trends
Elections & Campaigns
Market Analysis and Predictions
Global Trade Developments
Central Bank Actions
Startups & Entrepreneurship
Government Economic Policies
Supply Chain Management
Hedge Funds & Private Equity
Countries:
Companies:
Tesla, Inc.
UniCredit S.p.A.
Banco BPM S.p.A.
Deutsche Bank Money Market PP
JPMorgan Chase & Co.
Barclays PLC
Apple Inc.
Credit Suisse Strategic Income I
CREDIT AGRICOLE
SpaceXCoin USD
Lloyds Banking Group plc
BNP Paribas SA
Amazon.com, Inc.
The Goldman Sachs Group, Inc.
UBS Group AG
Credit Agricole
Banco Santander, S.A.
Reinsurance Group of America, Incorporated
Google Inc.
Amundi S.A.
Currencies:
United States Dollar
Euro
British Pound Sterling
Swiss Franc
Chinese Yuan
Indian Rupee
Japanese Yen
South Korean Won
Offshore Chinese Yuan
Hong Kong Dollar
Norwegian Krone
Filipino Peso
Canadian Dollar
Singapore Dollar
Australian Dollar
Danish Krone
Swedish Krona
Mexican Peso
New Taiwan Dollar
Vietnamese Đồng
People: