Scotia Capital Has Sector Perform On Barrick Gold

Scotia Capital is out with a research report on Barrick Gold (NYSE: ABX) and it has a Sector Perform rating and a $62.50 price target on shares.

In a note to clients, Scotia Capital writes, "The two new gold discoveries are located 6km SE of Cortez Hills and 24km SE of the Pipeline mine. The two zones have been outlined along a 7km long trend and are geologically similar to the Cortez Hills and Goldstrike mines."

Shares of ABX closed at $55.18 yesterday.