Raymond James analyst Brian MacArthur raised the firm’s price target on Barrick Gold (GOLD) to $23.50 from $23 and keeps an Outperform rating on the shares. The firm updated its forecasts for commodity prices. The company’s Q1 sales will not have shipments from Loulo-Gounkoto and uncertainty remains about the outcome of discussions to address matters of disagreement regarding the Loulo-Gounkoto complex between Barrick and the Government of Mali, the analyst tells investors in a research note.
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