Wednesday’s analyst upgrades and downgrades
RBC Capital Markets has revised its precious metals price forecasts, predicting significant increases for gold and silver by 2026. The analysts maintain a positive outlook for gold equities despite potential headwinds in the near term. Additionally, they have upgraded SSR Mining Inc. to 'outperform' while cautioning about macroeconomic risks affecting Canadian banks.
- ▪RBC Capital Markets expects gold prices to reach $4,600/oz in 2026 and $5,100/oz in 2027.
- ▪Gold prices have increased by 60% year-to-date, with gold equities outperforming at a 139% increase.
- ▪SSR Mining Inc. was upgraded to 'outperform' with a target price of $40, down from $45.
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ShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountInside the Market’s roundup of some of today’s key analyst actionsRBC Capital Markets’ global mining equities analysts updated their precious metals price forecasts on Wednesday, expecting new highs will be achieved again for gold in 2026.“We increase our gold forecasts in 2026 to $4,600/oz (up 17 per cent vs. prior), our 2027 to $5,100/oz (up 24 per cent vs. prior), and long-term to $3,000/oz (up 15 per cent vs. prior). We maintain a positive outlook for gold equities; however, we see some upcoming interim headwinds into 1Q guidance season,” they said.“Our preferred precious metals equities include; Large caps: AngloGold, Gold Fields . Royalties: Royal Gold, OR Royalties.
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