17:02:44 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Barrick Gold Corp
Symbol ABX
Shares Issued 1,778,189,894
Close 2021-03-09 C$ 25.27
Market Cap C$ 44,934,858,621
Recent Sedar Documents

Globe says MacArthur keeps Barrick Gold at "outperform"

2021-03-10 07:48 ET - In the News

The Globe and Mail reports in its Wednesday, March 10, edition that Raymond James analyst Brian MacArthur is keeping his call on Barrick Gold ($25.27) at "outperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. MacArthur lowered his share target to $31.50, same as the consensus, from $34. Mr. MacArthur says in a note: "Barrick has a controlling interest in numerous high-quality gold mines and copper assets that allows it to generate strong cash flow. The no-premium deal with Randgold provided more tier one assets and free cash flow, but also increased Barrick's jurisdictional risk given Randgold's large African portfolio. The creation of the Nevada JV with Newmont consolidated management at the world's largest gold complex and provided the opportunity to create meaningful synergies." The Globe reported in a Reuters dispatch on Jan. 6 that hedge funds had increased bets against major gold miners as COVID-19 vaccines weakened expectations for the metal after a year of record gains. Barrick Gold shares were then worth $30.77. The Globe reported on March 4 that Credit Suisse analyst Fahad Tariq continued to rate Barrick Gold "outperform." It was then worth $24.76.

© 2024 Canjex Publishing Ltd. All rights reserved.