UPDATE: Citigroup Reiterates Buy Rating, Lowers PT on Barrick Gold Corporation on Lowered Estimates
Posted on February 13, 2013 at 13:15 PM EST
In a report published Wednesday, Citigroup reiterated its Buy rating on Barrick Gold Corporation (NYSE: ABX ), but lowered its price target from $54.00 to $44.00. Citigroup noted, “We are lowering our 2013 estimate to $4.29 from $5.20 and 2014 estimate to $4.20 from $4.98. Nearly half of the $0.90