Market Overview

UPDATE: Deutsche Bank Upgrades Barrick Gold on Multiple Positive Factors

Related ABX
Talking About Support? Barrick Gold Has Found It
Markets Debut Week On Negative Note; S&P 500 Falls Through Key Level
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
Oct 2014CitigroupMaintainsBuy
Oct 2014JefferiesMaintainsHold
Oct 2014JP MorganMaintainsNeutral

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...

Get Benzinga's Newsletters