Investors looking for stocks in the Mining - Gold sector might want to consider either Barrick Gold (GOLD) or Agnico Eagle Mines (AEM). But which of these two companies is the best option for those looking for undervalued stocks?
IHG, MMS and GOLD made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on May 30, 2023.
The consensus price target hints at a 29% upside potential for Barrick Gold (GOLD). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
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It's been a breakout year for gold, with a rally of 18% year-to-date. Silver has also surged in the recent past with, year-to-date returns outperforming that of gold.