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.

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

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.

While we acknowledge the potential of B to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than B and that has 100x upside potential, check out our report about this cheapest AI stock.

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