"The history of Eureka lies in its future." - Lambert Molinelli, 1878

DISCLOSURE

The author/editor of the Eureka Miner owns common shares of local mining stocks, General Moly (GMO), McEwen Ming (MUX) and Newmont Mining (NEM); together with benchmark miner Freeport-McMoRan (FCX). Please do your own research, markets can turn on you faster than a feral cat.

Tuesday, June 9, 2009

Barrick Price Targets Raised

Good Afternoon Miners!

The ole Colonel just got off the road and normal daily reporting will start up tomorrow.

Here is some good breaking news on Barrick (ABX) Price targets:

UBS $47 from $44, 6/9
Macquaire $48.50 from 46.25, 6/8

To put this in perspective, Barrick is up 43.1% from its March intraday low of $25.54 to a closing price of $36.56 (6/8). A $47 price would be an 84% move.

See you tomorrow,

Cheers,

Colonel Possum

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