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 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.
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In addition to outlining expected operational enhancements, Barrick Mining Corporation 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 shares to continue narrowing its valuation gap, even if it is a longer-term project.
Barrick Mining Corporation 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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This article is originally published at Insider Monkey.
