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Fly News Breaks for December 4, 2019
GOLD
Dec 4, 2019 | 16:26 EDT
RBC Capital analyst Josh Wolfson assumed coverage of Barrick Gold with an Outperform rating and $20 price target. The analyst believes the company's relative premium valuation "appropriately reflects" its positive upcoming catalysts and "encouraging" expected year-end resource update. Barrick's Nevada joint venture resource definition and ongoing exploration success at Fourmile have the potential to be key value drivers, Wolfson tells investors in a research note.