Keybanc raised the price target for Watsco, Inc. (NYSE: WSO) from $365 to $380. Keybanc analyst Jeffrey Hammond maintained an Overweight rating. Watsco shares gained 8.3% to close at $342.93 on Thursday.
The VanEck Gold Miners ETF (ARCA: GDX), an exchange traded fund that invests in equities of firms operating in the metals and mining, gold, and silver sectors, has risen to levels last seen in early May 2022, driven by big gains in
Direxion Daily Gold Miners Index Bull 2X Shares (NYSE: NUGT) gapped up 2.45% higher on Wednesday, where the ETF ran into a group of sellers who knocked it down to trade mostly flat.
Gold mining companies have returned to the forefront of the market as gold prices break decisively above $2,000 per troy ounce and are projected to approach their all-time highs.