Jefferies lowered the firm’s price target on Barrick Gold to $15 from $18 and keeps a Hold rating on the shares. The firm updated its models for actual Q3 commodity prices and made changes to operational assumptions for some companies based on recent developments in a recap for the global metals and mining group.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on GOLD:
- Barrick Gold invests in major expansion of Lumwana mine
- Barrick Strengthens Zambia Partnership, Invests in Major Expansion of Lumwana Mine
- Twiga Partnership Shows the Transformative Impact of Mining, Says Barrick
- Barrick Welcomes Nevada Governor Joe Lombardo and His Delegation to Canada
- Strategically Driven Barrick to Deliver Sustainably Profitable Growth