Barrick Gold price target lowered to $23 from $24 at TD Securities

TD Securities lowered the firm’s price target on Barrick Gold (GOLD) to $23 from $24 and keeps a Buy rating on the shares after Barrick reported a “strong” Q4, beating the firm’s estimates and making the low end of guidance. Following the report, the firm made “only minor adjustments to our estimates,” though it noted that it reduced its Mali estimates and valuation.