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In a report published Monday, Morgan Stanley analyst Brad Humphrey reiterated an Equal-Weight rating and $20.50 price target on
Barrick Gold CorporationABX.
In the report, Morgan Stanley noted, “We visited 2 of ABX's 5 core assets, Cortez & Goldstrike, in order to get a sense of the trade offs & logistics required across the Nevada assets driven by material type, grades, capacities & costs. We believe Nevada can be viewed as one complex, balancing multiple sources & processing facilities.”
Barrick Gold Corporation closed on Friday at $15.55.
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