4 Gold Stocks Wall Street Predicts Will Rally 18% or More

This post was originally published on this site

As a good inflation hedge, gold has attracted investors, hitting five-month highs lately. Spot gold has rallied 0.6% to$1,861.39 per ounce. Furthermore, with the central bank viewing current inflation as transitory, and exhibiting no inclination to raise benchmark interest rates anytime soon, analysts expect gold to hit $1,900 per ounce soon.

Given this backdrop, Wall Street analysts predict gold mining stocks Agnico Eagle Mines Limited (NYSE:AEM), Kinross Gold Corporation (NYSE:KGC), B2Gold Corp. (BTG), and Yamana Gold Inc. (NYSE:AUY) will rally 18% or more in the near term.

Continue reading on StockNews