Brokerages raise PT on Barrick as co resolves dispute over Mali gold mine

Brokerages raise PT on Canadian miner Barrick Mining ABX.TO after co on Monday reached agreement with Mali's government to resolve all their disputes over Loulo-Gounkoto gold mining complex after two years of negotiations

Separately, Bloomberg News reported on Tuesday that ABX agreed to 244 billion CFA francs ($430 million) settlement with Mali, citing people familiar with the matter

Raymond James raises PT on ABX to $42 from $40; says while there is no clarity yet on when ABX's production could resume, they view this as positive development

Cormark Securities raises PT to C$78 from C$66

"We had removed Loulo from our NAV following the onset of this dispute. With a resolution on the horizon, we are re-integrating the mine into our model," Cormark Securities says

ABX shares on Monday closed up 8.5% at all-time high of C$55.93

12 of 13 brokerages rate stock "buy" or higher, 1 rates it "hold"; their median PT is C$64.58 - LSEG data

As of last close, stock has gained ~151% YTD