April 10th, 2025 | 07:10 CEST
Gold price to USD 3,500 and a million-dollar order! Steyr Motors, Barrick Gold, and Golden Cariboo Resources
Analysts at Goldman Sachs currently see an opportunity to enter the gold market. The experts believe that a price increase to USD 3,500 is possible. Hidden gem Golden Cariboo Resources should also benefit from this. The Company is active in legally secure Canada, and the stock appears undervalued. Important drilling results are expected later this year. Caution is advised with Barrick Gold, however. The stock was recently recommended by TV presenter Jim Cramer. However, the US stock market expert is considered a contrarian indicator, especially on social media. Meanwhile, there is positive news from abroad for Steyr Motors. A multi-million-dollar order is pushing the rumors of BaFin investigations into the background.
time to read: 4 minutes
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Author:
Fabian Lorenz
ISIN:
STEYR MOTORS AG | AT0000A3FW25 , BARRICK GOLD CORP. | CA0679011084 , GOLDEN CARIBOO RESOURCES LTD | CA3808134025
Table of contents:
"[...] Both the geology and the infrastructure around the project make for a very attractive cost structure. We expect to be able to produce at 50% of the current gold price. [...]" Bill Guy, Chairman, Theta Gold Mines Limited
Author
Fabian Lorenz
For more than twenty years, the Cologne native has been intensively involved with the stock market, both professionally and privately. He is particularly passionate about national and international small and micro caps.
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Barrick Gold: Up to USD 3,500 per troy ounce possible
In the past few days, gold has not lived up to its reputation as a safe haven. The correction after the jump above the USD 3,100 per troy ounce mark took the market by surprise. Was it due to the sharp rise in yields on US government bonds? Did a large hedge fund have to compensate for losses in equities by selling gold? These are just speculations. The fact is that Goldman Sachs views the recent decline in the gold price as a buying opportunity and recommends it as the "highest-conviction view in commodities" at present. Gold is exempt from the new US tariffs, and Goldman does not expect this to change.
On the other hand, several factors suggest rising prices: Structural demand from central banks in emerging markets, the expected increase in inflows into ETFs due to the expected interest rate cuts by the US Federal Reserve, and concerns about a recession. From the bank's point of view, the price of a troy ounce could rise to over USD 3,500 by the end of the year. In the middle scenario, it would still be as high as USD 3,300.
Those who want to participate disproportionately in the gold price can bet on gold mining stocks. One of the most popular stocks in this area is Barrick Gold. However, the Company has been one of the underperformers in recent years. One reason was that many of the large mines are located in unstable countries, and there have been frequent problems. The latest major project, for example, is currently being developed in Pakistan. In recent months, sentiment has improved considerably. Investors likely believed that the risks were more than priced in.
Most recently, US stock market expert Jim Cramer recommended Barrick shares as a safe haven and store of value in the current environment. However, Cramer is often referred to as a counter-indicator, particularly on social media.
Golden Cariboo Resources: Drilling program expected to boost share price
Unlike Barrick, Golden Cariboo Resources operates in legally secure Canada. The stock is considered a latecomer in the gold sector and offers an interesting entry opportunity. Recently, the security was also designated a "Speculative Buy" by the experts at streetwisereports.com. Golden Cariboo Resources is focused on the Cariboo gold belt in the Canadian province of British Columbia - a world-class mining region. The Company's core project is the Quesnelle Gold Quartz Mine, which covers over 3,800 hectares and has a proven gold trend that is several kilometers long.
Golden Cariboo Resources recently reported that the 2025 diamond drilling program has commenced. It is at the core of Golden Cariboo's exploration strategy and is designed to combine historical data with state-of-the-art surveying and mapping techniques. The goal is to define and expand promising gold occurrences on the property.
The initial surface drill hole, QGQ24-21, will be completed. This hole is important as nearby hole QGQ24-20 returned significant gold grades, including 1.45 g/t gold and 9.77 g/t silver over 137.17 meters. A sensational 16.35 g/t gold and 9.09 g/t silver was intersected over a 4.29 meter interval. Assay results are pending for the upper 220.2 meters of QGQ24-21.
The Company anticipates that the upcoming assay results and real-time field assessments will guide the expansion of drilling activities to other high-priority areas this season. Investors can, therefore, look forward to a strong news flow in the coming months.
Steyr Motors is driving forward internationalization
While Golden Cariboo is yet to see any news flow, Steyr is in the thick of it. Last week, rumors were circulating in the financial community that BaFin was investigating whether insider trading, market manipulation, or violations of ad-hoc disclosure regulations occurred in connection with the stock's multi-fold increase within just a few days. Now, there is positive news again.
Steyr Motors AG has received an order from India. A total of 450 high-performance diesel engines and spare parts are to be delivered to the Indian industrial company Ghatge Patil Industries (GPI) over the next three years. The order volume is worth over EUR 10 million. GPI is a manufacturer of precision-engineered components for the offshore, marine, and energy industries. India is one of the most strategically important growth markets worldwide for Steyr Motors. The Company sees enormous potential in the industrial and military sectors there.
Steyr CEO Julian Cassutti commented: "India is one of the largest growth regions for the coming years, after China and neighboring countries and South America, and an important market for Steyr Motors to expand its international presence. We estimate that our activities in India will have a noticeable impact on our financial performance, particularly from 2027 onwards."
The Steyr share seems to be stabilizing at EUR 40. At this level, the Company is valued at around EUR 200 million. Golden Cariboo Resources faces an exciting year. The chances of convincing drilling results are good and should drive the share price significantly higher. Barrick is a core investment in the gold sector, although problems at the key mines continue to weigh on the share price.
Conflict of interest
Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as "Relevant Persons") may hold shares or other financial instruments of the aforementioned companies in the future or may bet on rising or falling prices and thus a conflict of interest may arise in the future. The Relevant Persons reserve the right to buy or sell shares or other financial instruments of the Company at any time (hereinafter each a "Transaction"). Transactions may, under certain circumstances, influence the respective price of the shares or other financial instruments of the Company.
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