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Fly News Breaks for January 9, 2019
GOLD
Jan 9, 2019 | 07:26 EDT
Barclays analyst Matthew Murphy started Barrick Gold with an Overweight rating and $15 price target. Following the Randgold merger, the analyst sees a "diversified portfolio of high quality gold assets, experienced management, and an attractive valuation as ticking the boxes for investors." The company's continued transformation into a returns-focused gold miner adds further support to the investment thesis, Murphy tells investors in a research note.