BMO analyst cuts Barrick Gold rating (AP via Yahoo! Finance)

Jan 15, 2010   //   by Admin   //   Scrap Gold Prices  //  Comments Off

An analyst on Friday downgraded mining company Barrick Gold Corp. on expectations of falling production. Barrick Gold remains a flagship for the gold industry and research shows earnings per share should go up 30 percent this year to $2.59 per share and 15 percent in 2011 to $2.73 per share, BMO Capital Markets analyst David Haughton wrote in a research note.

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