BMO Capital analyst Matthew Murphy reinstated coverage of Barrick Gold (GOLD) with a Market Perform rating and C$30 price target The firm expects the company to make continued progress improving reliability and performance in Nevada and at the Pueblo Viejo expansion, and in restoring its license to operate at Loulo Gounko. However, BMO feels risk perceptions around Reko Diq are likely to weigh on the stock’s multiples in the near term.
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>>
Read More on GOLD:
- Barrick Gold: Hold Rating Amid Operational Improvements and Reko Diq Risks
- Barrick Gold Faces Escalating Tensions with Mali Government
- Barrick Gold says continues ‘good faith’ engagement to finalize Mali agreement
- Barrick Gold price target raised to $22 from $20 at Scotiabank
- Tariff Tensions Send Gold Prices Soaring as Mining Stocks Amplify Gains: Two to Consider