UBS Lifts PT on Barrick Mining (B) to $39, Maintains Buy Rating

Barrick Mining Corporation (NYSE:B) is one of the best NYSE stocks to buy and hold for the next decade. On October 16, UBS raised the firm’s price target on Barrick Mining to $39 from $35 and kept a Buy rating on the shares.

On the same day, BofA Securities analyst Lawson Winder raised the price target on Barrick Mining to $38 from $36 with a Neutral rating on the shares. This sentiment was announced as the firm raised its price targets for its North American precious metals coverage by an average of 16%. The adjustment is driven by higher gold and silver price forecasts from the firm’s commodities team. The team now projects that gold will reach $5,000 per ounce and silver will hit $65 per ounce.

National Bank analyst Shane Nagle also maintained a Buy rating on Barrick Mining a day prior, with a price target of C$65.00.

Barrick Mining Corporation (NYSE:B) explores, develops, produces, and sells mineral properties. The company explores for gold, copper, silver, and energy materials.

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