Market Overview

UPDATE: Deutsche Bank Upgrades Barrick Gold on Multiple Positive Factors

Related ABX
Fast Money Picks For September 16 - Twitter Inc, Darden Restaurants, Inc. And More
Newmont Mining Corporation Could Be Targeting One Of These 5 Small Cap Gold Miners
M&A Activity Boosts U.S. Stock Futures (Fox Business)

In a report published Wednesday, Deutsche Bank analyst Jorge Beristain upgraded the rating on Barrick Gold Corporation (NYSE: ABX) from Hold to Buy, and raised the price target from $20.00 to $30.00.

In the report, Deutsche Bank noted, “Our lone upgrade is Barrick, which we raise to Buy from Hold, as we take ‘on faith' management's follow-through to respond to corporate governance concerns, cut costs, slim its portfolio and clear a path to free cash flow.”

Barrick Gold Corporation closed on Tuesday at $18.03.

Latest Ratings for ABX

DateFirmActionFromTo
Sep 2014Credit SuisseMaintainsNeutral
Aug 2014BarclaysMaintainsEqual-weight
Jul 2014UBSMaintainsNeutral

View More Analyst Ratings for ABX
View the Latest Analyst Ratings

Posted-In: Deutsche Bank Jorge BeristainAnalyst Color Upgrades Analyst Ratings

 

Related Articles (ABX)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters