RBC Capital Maintains Outperform on Barrick Mining, Raises Price Target to $53
RBC Capital analyst Josh Wolfson maintains Barrick Mining (NYSE:B) with a Outperform and raises the price target from $49 to $53.
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Bernstein Maintains Outperform on Barrick Mining, Lowers Price Target to $56.5
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Shares of precious metal-related companies are trading lower in response to surging oil prices and Friday's economic data, which spurred Fed rate hike expectations. The commodity may be experiencing weakness in response to a stronger dollar. (edited)
Shares of precious metal-related companies are trading higher amid a rise in gold and silver in response to falling Treasury yields and a weakening dollar. Fed Governor Waller's comment that he is inclined to support holding interest rates steady may contribute to the metals' rally.