Barrick Gold (NYSE:ABX) PT Boosted by Deutsche Bank (NYSE:DB)

Barrick Gold (NYSE:ABX) has their price target raised by Deutsche Bank (NYSE:DB) based on peak earnings will be achieved in 2012 with a gold price of $2,000 an ounce.

Deutsche noted, "We believe that Barrick should conservatively trade at the lower end of the range of its peer group given its mature mine profile and relatively lower longer term production growth potential, but acknowledge re-rating potential on increasing cash flow generation (and possibility to increase dividends further) and management increased focus on ROEs."

Barrick was trading at $49.94, gaining $0.89, or 1.81 percent, as of 11:51 AM EST. Deutsche raised their price target on Barrick to $76.