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UBS has upgraded Evolution Mining's rating to Neutral from Sell, raising the price target to A$6.50, citing strong production and cost management. The company has shown impressive financial health with a 60.5% revenue growth and a gross profit margin of 32.2%, despite being one of the more expensive gold stocks. Recent performance has exceeded expectations, contributing to a significant share price return of 100.5% last year.
UBS has downgraded Evolution Mining from Neutral to Sell, raising the target price to A$5.45, following strong financial results for the first half of 2025, including an EBITDA of AUD 985 million and a net profit after tax of A$365 million. Despite robust performance and a potential conservative gold price forecast, the stock's significant rally—31% year-to-date and 107% over the past year—has led to concerns about overvaluation. Other analysts have also adjusted their ratings, reflecting a cautious outlook amid the company's strong market positioning.
UBS analyst Levi Spry has upgraded Sandfire Resources NL from Sell to Neutral, raising the price target to AUD10.45 from AUD9.85. This follows a production report indicating lower copper output at MATSA and Motheo, but strong cost performance and maintained full-year guidance of 109 kilotonnes of copper production. Notably, the Motheo processing plant is expected to exceed its original capacity, potentially boosting near-term production forecasts and enhancing earnings per share for 2026 and 2027 by 7%.
UBS analysts predict a period of consolidation for gold due to a stronger dollar and potential US fiscal stimulus concerns, before it climbs to $2,950 an ounce by the end of 2026. They expect gold to reach $2,900 an ounce by the end of next year, driven by central bank demand and geopolitical risks. Gold has surged 28% this year, supported by central bank accumulation and the Federal Reserve's shift to monetary easing.
UBS Group AG predicts that gold will reach $2,900 an ounce by the end of next year, following a similar forecast from Goldman Sachs. Analysts anticipate a consolidation phase due to a stronger dollar and potential US fiscal stimulus impacts, before gold climbs further to $2,950 an ounce by the end of 2026.
UBS Group AG forecasts that gold will reach $2,900 an ounce by the end of next year, aligning with Goldman Sachs" predictions for further gains as central banks increase their holdings. Analysts anticipate a consolidation phase due to a stronger dollar and potential US fiscal stimulus impacts before gold climbs again, potentially hitting $2,950 an ounce by the end of 2026.
UBS Group AG forecasts that gold will reach $2,900 an ounce by the end of next year, aligning with Goldman Sachs" predictions for further gains as central banks increase their holdings. Analysts anticipate a consolidation phase due to a stronger dollar and potential US fiscal stimulus impacts before gold climbs again, potentially hitting $2,950 an ounce by the end of 2026.
UBS forecasts gold will reach $2,900 an ounce by the end of next year, aligning with Goldman Sachs" prediction of $3,000, driven by central bank purchases and geopolitical tensions. Despite a potential consolidation phase due to a stronger dollar, ongoing strategic allocations and high macro volatility are expected to support prices. Currently, spot gold is trading near $2,630 an ounce, having risen 28% this year.
Levi Spry
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ubs upgrades evolution mining to neutral raises price target to a$6.50
13:44 18.02.2025
ubs downgrades evolution mining to sell despite strong financial performance
13:32 12.02.2025
ubs upgrades sandfire stock rating and raises price target to aud 10.45
10:25 31.01.2025
gold prices expected to rise amid consolidation and fiscal stimulus concerns
01:49 21.11.2024
ubs predicts gold will reach 2900 dollars by end of next year
07:20 20.11.2024
ubs predicts gold will reach 2900 dollars by end of next year
07:20 20.11.2024
ubs predicts gold will reach 2900 dollars by end of next year
07:20 20.11.2024
ubs and goldman predict gold prices will continue to rise
07:20 20.11.2024
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