Scotiabank lowered the firm’s price target on Barrick Gold (GOLD) to $23 from $24 and keeps an Outperform rating on the shares. The company recently hosted its Investor Day, where it provided high level guidance on its five and 10-year outlook, the analyst tells investors. Scotiabank still sees good value in the shares, given the above-average quality of the asset base and optionality in the portfolio.
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