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Barrick Gold has been upgraded to a Buy rating by UBS, reflecting the view that increased risk in the market could lead to greater rewards for investors. This shift highlights a growing confidence in the company's potential amidst fluctuating market conditions.
UBS has upgraded Barrick Gold's rating from "Neutral" to "Buy," raising the price target to $22, citing the stock's current undervaluation compared to competitors. The analysts predict a significant production increase by 2030 and see potential growth in Barrick's copper business, particularly with the Reko-Diq project. Despite high investments, the long-term outlook remains promising, with expectations of a low EV/EBITDA ratio of five times for 2025.
Barrick Gold has been upgraded to a Buy rating by UBS, highlighting that increased risk in the market could lead to greater rewards for investors. This shift reflects a growing confidence in the company's potential amidst current market conditions.
Barrick Gold has been upgraded to a Buy rating from Neutral by UBS, indicating a positive shift in the investment outlook for the company. This upgrade reflects growing confidence in Barrick Gold's performance and potential in the market.
Barrick Gold Inc.
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Barrick Gold upgraded to buy by UBS amid increased risk and reward
21:48 05.03.2025
ubs upgrades barrick gold to buy with new price target of 22 dollars
21:31 05.03.2025
Barrick Gold upgraded to buy as risk increases potential rewards
21:28 05.03.2025
Barrick Gold receives buy rating upgrade from UBS analysts
11:01 05.03.2025
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