Stifel raises PTs on Canadian gold miners

Brokerage Stifel expects gold to continue to serve as a hedge against geopolitical, inflation and systemic risks

For Canadian miners, "we see Q1 as the "low watermark" for the year with higher production in the remainder quarters pairing with the gold price that so far in Q2 have stayed above $3,000/oz," brokerage says

Brokerage says potential tariff impact on certain mine consumable imports, like grinding media (steel), could increase operating expenses modestly for some Canadian miners

Brokerage raises PTs on the following companies: