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Fly News Breaks for March 12, 2018
ABX
Mar 12, 2018 | 07:23 EDT
As reported earlier, RBC Capital analyst Stephen Walker upgraded Barrick Gold to Outperform from Sector Perform, saying the impact of the company's higher cost guidance has been priced in while the current valuation offers an attractive entry point. The analyst also sees the resolution of the Acacia mine dispute and production updates as potential near term catalysts. Walker trims his price target on Barrick Gold to $16 from $17.
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