Raymond James lowered the firm’s price target on Barrick Gold (GOLD) to $25 from $26 and keeps an Outperform rating on the shares. Barrick’s investor day provided an updated five-year outlook indicating gold production growth through 2029, and the analyst tells investors in a research note that in North America sustaining capital will remain above average though 2027 as Barrick continues to recapitalize Nevada Gold Mines.
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