Barrick Gold (NYSE:GOLD) Earns Buy Rating from Analysts at Jefferies Financial Group

Barrick Gold Corporation (NYSEGOLD) is a global mining company that operates primarily in the gold and copper mining industry. The company was founded in 1983 and has its headquarters in Toronto, Canada. Barrick Gold is one of the largest gold producers in the world, with operations in various countries including Australia, Argentina, Peru, and Canada.

On Thursday morning, Jefferies Financial Group initiated coverage on shares of Barrick Gold NYSEGOLD and issued a buy rating and a $21.00 target price on the company's stock. The brokerage firm is a leading global investment bank that provides financial services to institutional and individual clients.

The research note released by Jefferies Financial Group highlights the strong performance of Barrick Gold in recent years, with the company reporting solid growth in both revenue and earnings per share. The analysts also noted the company's strong balance sheet and its ability to generate cash flows, which they believe will enable the company to continue investing in its operations and growth opportunities.

In addition to Jefferies Financial Group, a number of other equities research analysts have recently weighed in on Barrick Gold NYSEGOLD. For example, Goldman Sachs has a neutral rating on the stock with a target price of $20.50, while Citigroup has a buy rating and a target price of $23.00.

Overall, the consensus among analysts is that Barrick Gold is well-positioned for continued growth and success in the gold and copper mining industry. The company's strong financial position, solid operations, and growth opportunities make it an attractive investment opportunity for investors looking to gain exposure to the precious metals sector.