Deutsche Bank upgraded Barrick Gold (NYSE: ABX) from Hold to Buy with a price target of $30.00 (from $20.00).

The price target is being re-set at 0.8x DBe NPV versus 0.6x previously, "as we believe that the risk of an equity issue has receded, thanks to a comprehensive program to shore up the balance sheet unveiled with 2Q13 results and follow through," the analyst Jorge Beristain commented.

http://www.dividend.com/news/2013/deutsche-bank-upgrades-barrick-gold-to-buy-abx/





Duetshe caught the last upward wave so are they correct with ABX again.