T.ABX Barrick Globe says Przybylowski keeps Barrick at "outperform"
2022-08-10 08:47 ET - In the News
The Globe and Mail reports in its Wednesday, Aug. 10, edition that BMO Capital Markets analyst Jackie Przybylowski has reaffirmed her "outperform" recommendation for Barrick Gold. The Globe's David Leeder writes that Ms. Przybylowski raised her share target by $1 (U.S.) to $28 (U.S.). Ms. Przybylowski says in a note: "Barrick met Street expectations for its Q2 results, an outcome which should not be a surprise given the company pre-released production and sales volumes and provided guidance for unit costs and realized prices. In our view, the release and conference call highlighted the positive progress that Barrick is making across its portfolio." The Globe's Tim Shufelt reported on Jan. 7 that stocks punished at the end of the year tend to see their fortunes reverse with the turn of the calendar. He said Barrick was one such stock. The miner's shares could then be had for $22.90 (Canadian). The Globe reported on April 21 that National Bank mining analysts had reiterated their "sector perform" recommendation for Barrick Gold. The shares could then be had for $30.44 (Canadian). The Globe reported on July 22 that National Bank continued to rate Barrick "sector perform." It was then worth $19.80 (Canadian).