By: Benzinga
UPDATE: Citigroup Reiterates Buy Rating, Lowers PT on Barrick Gold Corporation on Lowered Estimates
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
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