JPMorgan initiated coverage of Barrick Mining (B) with an Overweight rating and $68 price target The firm has a bullish near- and long-term outlook for gold, citing central bank buying and U.S. policy uncertainty. Barrick offers a “world-class reserve base and compelling” organic growth nearer term, the analyst tells investors in a research note. JPMorgan says the shares are trading at a greater discount to Barrick’s global peers versus historical levels.
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