BMO Capital Maintains Outperform on Barrick Gold, Lowers Price Target to C$26
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Jackie Przybylowski maintains an Outperform rating on Barrick Gold, while lowering the price target from C$27 to C$26.
April 17, 2024 | 2:34 pm
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NEUTRAL IMPACT
BMO Capital maintains an Outperform rating on Barrick Gold and lowers the price target from C$27 to C$26.
The adjustment in price target by BMO Capital reflects a slight change in valuation expectations for Barrick Gold. While the Outperform rating is maintained, indicating a positive outlook on the stock, the reduction in price target suggests a minor adjustment in expected performance. This could lead to a neutral short-term impact on the stock as investors digest the implications of the revised price target against the backdrop of an unchanged positive rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100