Barrick Gold upgraded by analysts on ‘compelling value' following underperformance
Portfolio Pulse from
Barrick Gold Corp. (NYSE:GOLD) shares rose after UBS upgraded the stock to 'Buy' with a $22 price target, citing 'compelling value' following its underperformance. The stock increased by 4.1% to $18.45.
March 05, 2025 | 9:15 pm
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UBS upgraded Barrick Gold to 'Buy' with a $22 price target, leading to a 4.1% increase in its stock price to $18.45.
The upgrade by UBS to 'Buy' and the new price target of $22 are positive signals for investors, indicating potential upside. The immediate 4.1% increase in stock price reflects market confidence in the upgrade.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100