Direxion Daily Junior Gold Miners Index Bull 2X Shares (JNUG)

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Barrick Gold, Newmont Mining earn higher target prices at Credit Suisse
Nov 11 2015, 14:58 ET | About: Barrick Gold Corporation (ABX) | By: Carl Surran, SA News Editor Contact this editor with comments or a news tip
Stock price targets for Barrick Gold (ABX +0.7%) and Newmont Mining (NEM +1.6%) are raised at Credit Suisse despite gold’s recent weakness.The firm maintains ABX at Neutral but with a $9 target, raised from $8, primarily on a higher near-term cash flow outlook driven by higher production and lower costs from the Veladero and Lumwana projects.Credit Suisse reiterates NEM with an Outperform rating but with a $25 price target, up from $22, based on higher near-term cash flow estimates and improved net asset values at CC&V, Merian and Subika underground; the firm likes NEM's operational consistency, a longer than average reserve life, stronger balance sheet, and attractive internal opportunities to add NAV.

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Splains the JNUG jump even though gold down....