J.P. Morgan Raises Barrick PT From $54 To $64

J.P. Morgan said that it believes brownfield expansions at existing mines will be an important part of Barrick Gold Corporation's (NYSE: ABX) production target of 9mnozs by 2015.

“These extra ounces support our new target price for Barrick at $64, up from $54,” J.P. Morgan writes.

Barrick closed Friday at $53.30.