Gold.com price target raised to $60 from $50 at Roth Capital

Roth Capital raised the firm’s price target on Gold.com (GOLD) to $60 from $50 and keeps a Buy rating on the shares. Sovereign gold coin spreads jumped about $30 to $157/oz, while geopolitical developments continue to drive gold demand against tight supply, the analyst tells investors in a research note. As the largest bullion trader, Gold.com usually sells out last, so it should be a big beneficiary of FOMO-driven buying, the firm added.