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Fly News Breaks for December 19, 2019
Dec 19, 2019 | 06:35 EDT
BofA/Merrill analyst Michael Jalonen upgraded Barrick Gold to Buy from Neutral with a price target of $22, up from $21. Heading into 2020, the analyst is positive on the company's robust free cash flow, shareholder friendly capital allocation, advancing growth projects, optionality with its Fourmile and Pascua-Lama / Donlin Goldand assets, as well as its "rapidly improving" balance sheet.