BARRICK MINING CORP
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The S&P/TSX 60 index experienced a minor dip of 0.01% today, though it has seen a 1.11% increase over the past month. Barrick Gold Corp. led large-cap gains with a 9.06% rise, while Shopify, Inc. fell. The overall market showed a healthy advance-decline ratio of 1.25x, yet large and mid-cap segments had weaker ratios.
Goldman Sachs has adjusted its price target for Norwegian Cruise Line Holdings Ltd. (NCLH) to $14 from $18, while maintaining a Neutral rating. This follows similar price target adjustments from other financial institutions like Citigroup and Barclays, indicating a consensus among analysts regarding the cruise line's valuation. The report highlights recent market activities for NCLH, including other analyst ratings and general market news impacting the travel sector.
Barrick Mining Corp. is slowing down development at its Reko Diq project in Pakistan due to escalating security concerns and incidents in the region. The company previously announced a review in February and expects this pause to continue until mid-2027. This delay could lead to significant increases in the previously estimated capital budget for the project's two phases, which were initially set between US$5.6 billion and US$6.0 billion for Phase 1 and US$3.3 billion and US$3.6 billion for Phase 2, with first production originally targeted for late 2028.
