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Founder and chairman Peter Munk owns just 0.2 per cent of Barrick’s stock, but wields the sort of power usually reserved for a controlling shareholder.
Founder and chairman Peter Munk owns just 0.2 per cent of Barrick’s stock, but wields the sort of power usually reserved for a controlling shareholder.
(FERNANDO MORALES/THE GLOBE AND MAIL)

Today's analyst upgrades and downgrades

Inside the Market’s roundup of some of today’s key analyst actions. This post will be updated with more analyst commentary during the trading day.

Deutsche Bank analyst Jorge Beristain thinks shares in Barrick Gold Corp., already well off two-decade lows hit in early July, will continue their recovery now that the company has outlined plans for major cost cuts and other initiatives to return to profitability.