Barrick Gold price target raised to $20 from $19 at Scotiabank

Scotiabank analyst Tanya Jakusconek raised the firm’s price target on Barrick Gold (GOLD) to $20 from $19 and keeps a Sector Perform rating on the shares. Heading into 2025, the focus remains on increasing mill throughput, delivering on 2025 operating guidance, and starting construction of both the Lumwana pit layback and Reko Diq project, the analyst tells investors. The firm’s price target increase is driven by the addition of reserves/resources at some operating assets