BofA raised the firm’s price target on Barrick Gold to $25 from $20 and keeps a Buy rating on the shares. The firm updated estimates post “strong” Q2 results for Barrick Gold, increasing its 2024 EPS estimate to $1.39 from $1.35. The firm also cites a “bullish” gold price view, calling for it to reach $3,000 per ounce by sometime in 2025.
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