Australian Lithium, Gold Stocks Look Cheap to UBS -- Market Talk

Dow Jones03-27 09:04

0104 GMT - There's still "compelling risk-reward" in Australian lithium stocks, with the Middle East conflict likely to boost EV demand, say UBS analysts. UBS upgrades IGO to buy from neutral and reiterates buy ratings on Liontown and PMET Resources. It downgrades PLS to neutral from buy. UBS sees "the potential for another upcycle" in lithium, say the analysts. They also expect gold "to recover its safe haven/diversifier status." UBS's top picks among Australian gold stocks are Newmont and Genesis Minerals. It has buy ratings on both stocks. The bank also upgrades Evolution Mining to neutral from sell. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

March 26, 2026 21:04 ET (01:04 GMT)

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They also expect gold \"to recover its safe haven/diversifier status.\" UBS's top picks among Australian gold stocks are Newmont and Genesis Minerals. It has buy ratings on both stocks. The bank also upgrades <a href=\"https://laohu8.com/S/EVN.AU\">Evolution Mining</a> to neutral from sell. 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