Scotia Capital Has Sector Perform on Barrick Gold

Scotia Capital is out with a research report on Barrick Gold Corporation (NYSE: ABX) and it has a Sector Perform rating and a $62 price target on shares.

In a note to clients, Scotia Capital writes, "Adjusted EPS of $1.39 was above our estimate of $1.33, and the consensus estimates range of $1.34-$1.35. Better EPS was seen on better revenues (on pricing) and lower exploration/development costs."

Shares of ABX closed at $48.96 on Friday.