Barrick Gold upgraded to "outperform" on strong Q2 results and stable financials.

Barrick Gold was upgraded to "outperform" by National Bank Financial, citing strong Q2 results with $0.47 earnings per share and $3.72 billion in revenue, up 16.4% year-over-year. The company, a top gold and copper producer, operates globally and co-owns Nevada Gold Mines with Newmont. Its stock, trading around $35.37 on the NYSE and C$46.70 on the TSE, has a market cap of $57.23 billion, a low debt-to-equity ratio of 0.14, and a conservative balance sheet. Analysts rate it a "Moderate Buy" with a consensus price target of $33.33. The stock has shown relative stability with a beta of 0.28 and pays a $0.15 quarterly dividend, yielding 1.8%.