BMO Capital raised the firm’s price target on Barrick Gold to $30 from $29 and keeps an Outperform rating on the shares. The analyst cites the company’s webinar presentation titled “Value Today, Growth Tomorrow” to highlight the value of the projects in its existing portfolio that highlighted those which management believes are undervalued by analysts and the market. BMO adds that the assets featured will support value-generating organic growth in both gold and copper.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on GOLD:
- Barrick’s Embedded Growth Projects to Drive Value with 30% Rise in Production
- Barrick Ceases to Be an Insider of Cascadia Minerals
- Barrick Gold ceases to be insider of Cascadia Metals
- GOLD, KGC, or FNV: Which Gold Stock Could Deliver the Best Returns?
- GOLD, FNV: These Gold Stocks Outshined Analysts’ Expectations