Scotiabank raises PTs on gold miners amid macroeconomic uncertainty

Kinross Gold

26/01/2026 13:17

** 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))