BofA raised the firm’s price target on Barrick Mining (B) to $38 from $36 and keeps a Neutral rating on the shares. The firm raised price targets for its North American precious metals coverage by 16% on average on the back of higher gold and silver price forecasts, telling investors that the firm’s commodities team now forecasts gold to reach $5,000 per ounce and silver to hit $65 per ounce.
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Read More on B:
- Barrick Mining Corporation call volume above normal and directionally bullish
- Barrick Mining price target raised to $38 from $21 at Citi
- Barrick Mining price target raised to $50 from $38 at CIBC
- Barrick Mining price target raised to $40 from $36 at Raymond James
- Barrick Mining price target raised to C$57 from C$39 at Canaccord