CIBC raised the firm’s price target on Barrick Mining (B) to $38 from $30 and keeps an Outperformer rating on the shares after the company hosted a site visit to the Nevada Gold Mines. Fourmile solidifies Barrick’s production base in Nevada and extends mine life to 2050, the analyst tells investors in a research note. CIBC expects the stock to continue to re-rate on this “exciting new discovery.”
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