Barrick Gold Corp. (ABX:US) slid 1.4 percent to $42.10. The largest gold miner was cut to “neutral” from “outperform” by analysts at Credit Suisse Group AG. A ruling by the U.S. Appeals Court in San Francisco that additional environmental analysis is required at the company’s Cortez Hills project in Nevada creates uncertainty that will weigh on the shares, Credit Suisse analysts said.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.