if GOR are $2.50 in a couple of months it would be Because of the DEG factor ioho !?!
here is part of Today's m/fool article!
Which ASX 200 gold stocks are buys?
The first gold share to look at is De Grey Mining Limited (ASX: DEG). Goldman has a buy rating and $1.45 price target on its shares, which implies potential upside of 12% for investors from current levels.
It believes the gold developer could be a top option due to its tier one Hemi asset. The broker also sees the world class deposit as a potential takeover option for a larger player. It said:
While historically mining stocks tend to underperform through the execution and ramp-up phase of a project, we expect with Hemi positioned as a Tier 1 asset of global scale that post-DFS it remains an attractive potential strategic consolidation target.
Another ASX 200 gold stock that could be a buy according to the broker is Evolution Mining Ltd (ASX: EVN).
However, with a buy rating and $4.00 price target on the miner's shares, this implies only modest upside for investors from current levels. It said:
Of the larger cap names EVN (Buy) remains our preference to NST (Neutral) on near-term FCF, and with exposure to further increases in copper pricing (~30% of EVN's revenue over FY24-26E).
A third ASX 200 gold stock that could be worth a closer look according to Goldman Sachs is Gold Road Resources Ltd (ASX: GOR).
The broker currently has a buy rating and $2.00 price target on the miner's shares. This suggests potential upside of approximately 20% for investors over the next 12 months. It recently said:
[W]e retain our Buy rating with GOR the only gold stock in our coverage without major growth spend, supporting cash generation (near-term FCF yields of c. 5-10% in CY24-27E remain attractive vs. peers and support upside to the outlook for capital returns), while trading at a significant discount to peers at ~0.9x NAV / ~4x NTM EV/EBITDA / pricing a LT gold price of US$1,575/oz (peer average ~1.1x NAV / 5-6x EV/EBITDA / ~US$1,930/oz LT gold).
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