BUZZ-Scotiabank raises PT on gold miners, expects higher margins in Q3
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Scotiabank has raised its price targets for several gold mining companies ahead of their Q3 earnings, anticipating higher year-on-year margins and further expansion in Q4 due to rising gold prices. The brokerage is aligned with consensus forecasts for most companies, with Newmont and Barrick expected to show slight operational improvements. New price targets include AngloGold at $90, Barrick at $43, IAMGOLD at $15, Newmont at $114, and Agnico Eagle at $219, reflecting significant upside potential from their last close prices.
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