Fly News Breaks for January 15, 2020
Jan 15, 2020 | 16:22 EDT
Credit Suisse analyst Fahad Tariq upgraded Barrick Gold (GOLD) to Outperform from Neutral with a price target of $22, up from $21, as part of his broader 2020 Outlook for Precious Metals research note. The analyst notes that the company has had a number of "quick wins" in 2019 that included finalizing the Nevada JV with Newmont (NEM) and completing the buyout of Acacia, as well as divesting Kalgoorlie and Massawa. Tariq sees investor focus now turning to the next set of catalysts, which include achieving the remainder of the Nevada synergies, and increasing reserves via exploration to sustain the production profile.
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