The Globe and Mail reports in its Thursday edition that Scotia Capital analyst Tanya Jakusconek and her stock-picking colleagues have raised their gold and silver price forecasts. The Globe's David Leeder writes that accordingly, Ms. Jakusconek elevated her share target for Barrick Gold to $26 from $24, while maintaining a "sector outperform" rating (all figures U.S.). Analysts on average target the shares at $22.02. Scotia's gold projection for 2023 and 2024 rose to $1,900 per ounce, up 9 per cent from its previous estimate of $1,750. For 2025 and beyond, its assumption increased 6 per cent to $1,700 per ounce from $1,660. For silver, Scotia raised its 2023 forecast to $23.75 per ounce from $20.75 with its 2024 and long-term estimates moving to $23.75 and $23, from $22.50 for both. Ms. Jakusconek says in a note: "With the change in commodity prices, our overall valuations (NAV) and target prices have increased by 10 per cent and 12 per cent. ... Gold stocks continue to trade at a discount to spot pricing, offering good value and further upside. For silver, Scotia raised its 2023 forecast to $23.75 per ounce from $20.75 with its 2024 and long-term estimates moving to $23.75 and $23, from $22.50 for both."