April 10, 2019 / 1:26 PM / 6 months ago

BUZZ-Barrick Gold: Deutsche Bank ups to "buy"; sees positive catalysts ahead

** Deutsche Bank upgrades gold miner Barrick Gold to “buy” from “hold”; sees positive catalysts on potential divestments and better gold prices

** DB says year-to-date gold is up slightly, but it has shown signs of moving higher

** DB says further upside could come from the copper business

** DB sees co's announcement here on JV with Newmont in Nevada where co will own 61.5% and be the sole operator of the JV, to provide synergy opportunities

** DB prefers Barrick among large-cap precious equities

** DB raises PT to $15 from $12.75; median PT of $14.38

** 4 out of 17 analysts’ rated the stock as “buy”, 12 “hold” while 1 analyst has “sell” rating - Refinitiv data (Reporting By: Aniruddha Chakrabarty)

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