Market Overview

UPDATE: Deutsche Bank Upgrades Barrick Gold on Multiple Positive Factors

Related ABX
Barrick Announces Pricing for Debt Tender Offer, Aggregate Up To $850M
Mid-Morning Market Update: Markets Gain; Bank of America Earnings Top Views

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

Sep 2015HSBCMaintainsBuy
Aug 2015Deutsche BankUpgradesHoldBuy
Aug 2015Deutsche BankUpgradesHoldBuy

View More Analyst Ratings for ABX
View the Latest Analyst Ratings

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


Related Articles (ABX)

Get Benzinga's Newsletters