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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (91890)	8/13/2020 8:44:54 AM
From: Goose94	Read Replies (1) of 203020

Barrick Gold (ABX-T) Canaccord analyst Carey MacRury upgraded to "buy" from "hold." Mr. MacRury continues to target the shares at $47. Analysts on average target the shares at $41.85. Mr. MacRury says in a note, "In our view, Barrick has a steady production profile of 5 million ounces through 2026, strong FCF [free cash flow] generation (8-per-cent 2021 estimated FCF yield at spot prices) and we expect the company to achieve a net cash position in 2021.". Barrick's second quarter financial results, released before the bell on Monday, as largely matching his expectations. Adjusted earnings per share of 23 cents topped the 18-cent projection of both Mr. MacRury and the Street due to lower-than-anticipated taxes. Raymond James analysts Brian MacArthur and Farooq Hamed rated the shares "outperform," when they were worth $25.50. Gordon Pape was bullish on Barrick on July 16. It was then worth $36.27. Mr. MacRury continued to rate the shares "hold," which were then trading at $38.35.

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