RBC Capital Raises Barrick Mining (B) Price Target After Nevada Gold Mines Tour

Barrick Mining Corporation (NYSE:B) ranks among the stocks with low beta that can beat market volatility. RBC Capital maintained its Outperform rating on Barrick Mining Corporation (NYSE:B) on September 22 and boosted its price target from $34 to $38. The rise comes after RBC’s September 18 tour of the Nevada Gold Mines complex, a joint venture between Newmont and Barrick Mining.

In addition to outlining expected operational enhancements, Barrick Mining Corporation (NYSE:B) gave an in-depth review of its most recent Fourmile update, which RBC called “impressive.”

RBC anticipates that Fourmile’s momentum and future growth could be a major source of implied upside for Barrick Mining Corporation (NYSE:B) shares to continue narrowing its valuation gap, even if it is a longer-term project.

Barrick Mining Corporation (NYSE:B) is a global mining corporation that explores, develops, produces, and sells gold and copper. The company’s operations span eighteen countries.

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Disclosure: None. This article is originally published at Insider Monkey.