U.S. Markets closed

Citi Upgrades Barrick Gold—Why the Stock Needs More to Lift Off

Annie Gilroy
Citi Upgrades Barrick Gold—Why the Stock Needs More to Lift Off

Citigroup (C) analyst Alexander Hacking upgraded Barrick Gold to “neutral” from “sell” on August 28. As reported by The Fly, Hacking mentions that he finds Barrick compelling, as its stock price has fallen ~30% in 2018. The target price for Agnico Eagles Mines (AEM) was reduced from $45 to $38, Goldcorp (GG) was reduced from $16 to $14, and Newmont Mining (NEM) was reduced from $42 to $36.