Wednesday, June 30, 2010

Iamgold (NYSE:IAG), Barrick (NYSE:ABX), Newmont (NYSE:NEM) Price Targets Increased by UBS AG (NYSE:UBS)

In a nod to mining companies in general, and gold miners in particular, UBS AG (NYSE:UBS) increased their price targets on a number of miners today, including Iamgold (NYSE:IAG), Barrick Gold (NYSE:ABX), Newmont Mining (NYSE:NEM).

They lifted their target on Barrick from $53.50 to $57.50, and on Iamgold from $21.50 to $23.00.

Other miners having their price targets increased were Eldorado Gold (NYSE:EGO), Goldcorp (NYSE:GG), Agnico-Eagle (NYSE:AEM), Silver Wheaton (NYSE:SLW) and Pan American Silver (NasdaqPAAS).

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