Barrick and Centerra Price Targets Raised at Raymond James

MT Newswires Live12-22 21:19

Raymond James raised its price target on Barrick Mining Corp. (ABX.TO, B) to $48 from $45, and on Centerra Gold Inc. (CG.TO, CGAU) to $18.50 from $16.75, respectively.

Analyst Brian MacArthur maintained an Outperform rating on Barrick and a Market Perform rating on Centerra, as he updated his forecasts for 4Q prices.

"...Following an announcement from B in November that it has entered into an agreement which put an end to all of its disputes with the Government of the Republic of Mali regarding the Loulo and Gounkoto mines, we have now assumed some production from Loulo in 2026," MacArthur said in a note to clients.

"We believe the next potential catalyst for the shares will be the release of the PEA on the Kemess project which is now expected in early 2026," the analyst said in a note on Centerra.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

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