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Thursday, June 24, 2010

Barrick Gold (NYSE:ABX) Upgraded by Credit Suisse (NYSE:CS)

Large gold miners have been doing well so far in 2010, and Barrick Gold (NYSE:ABX) has steadily moved up, capturing the attention of Credit Suisse (NYSE:CS), who upgraded the giant gold miner from "Neutral" to "Outperform."

The price target for Barrick was also raised at Credit Suisse, from $47 to $54.

Barrick has had a 52-week range of $30.67 to $48.02, and as of 2:07 PM EDT, was at $45.24, a $0.50 gain, or 1.12 percent increase.

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