BMO Capital analyst Matthew Murphy reinstated coverage of Barrick Gold (GOLD) with a Market Perform rating and C$30 price target The firm expects the company to make continued progress improving reliability and performance in Nevada and at the Pueblo Viejo expansion, and in restoring its license to operate at Loulo Gounko. However, BMO feels risk perceptions around Reko Diq are likely to weigh on the stock’s multiples in the near term.
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