UBS puts 'buy' recommendation on gold stocks, but Newcrest is a 'sell'

By Stephen Cauchi
Updated May 27 2015 - 4:08pm, first published 3:45pm
Gold has recovered from its March lows of $US1150 per ounce and is now trading around $US1188. Photo: Photo: Eddie Jim
Gold has recovered from its March lows of $US1150 per ounce and is now trading around $US1188. Photo: Photo: Eddie Jim

Gold stocks are set to boom thanks to the commodity's price and merger activity, with UBS slapping a buy on its entire gold coverage list with the exception of Newcrest and Independence Group.

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