** Scotiabank raises price target on gold miners and increases gold price forecast to $4,600/oz from $3,800/oz for 2026
** The premiums on PTs reflect uncertainty over economic expectations, geopolitical turmoil and strong central bank buying
** Brokerage raises PTs on the following companies:
COMPANY | OLD PT | NEW PT | UPSIDE TO STOCK'S LAST CLOSE |
Newmont Corporation NEM.N | $114 | $152 | 22.2% |
Barrick Mining ABX.TO, B.N | $43 | $63 | 23.3% |
Kinross Gold K.TO, KGC.N | $32 | $45 | 21% |
Gold Fields GFIJ.J, GFI.N | $47 | $61 | 14.6% |
Agnico Eagle Mines AEM.TO, AEM.N | $219 | $276 | 28.6% |
(Reporting by Dharna Bafna in Bengaluru)
((Dharna.bafna@thomsonreuters.com))