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UPDATE: Deutsche Bank Upgrades Barrick Gold on Multiple Positive Factors

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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
Aug 2020Canaccord GenuityUpgradesHoldBuy
Oct 2019Raymond JamesUpgradesMarket PerformOutperform
Oct 2019Canaccord GenuityUpgradesHoldBuy

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

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