From Yahoo Finance: 2025-04-22 16:05:00

The price of gold reached a new record high, surpassing $3,500 per ounce. Jefferies analysts believe mining company shares could continue to rise. Price targets were raised for mining stocks like Agnico Eagle and Newmont ahead of earnings reports. Gold prices have surged nearly 30% in 2025 due to trade war fears and Trump’s comments on the Fed chair. Jefferies analysts suggest that mining stocks have not fully benefited from the gold rally, with current prices indicating a gold price of around $2,500 per ounce. Bank of America Securities raised price targets for Barrick, Agnico, Alamos, and Newmont, the latter seeing a 50% increase in shares this year. Earnings reports are upcoming for Newmont, Agnico, Alamos, and Barrick.



Read more at Yahoo Finance: Mining Stocks Still Have Room To Rise as Gold Hits Record High, Jefferies Says