Barrick, Teck and Goldcorp among upgrades at Deutsche Bank

Deutsche Bank upgraded a group of mining stocks on Monday, citing their recent pullback from 2016 highs, good operational performance, and improving balance sheets.

Analyst Jorge Beristain raised his rating on Barrick Gold Corp., Pan American Silver Corp. and Freeport-McMorRan Inc. to buy from hold, while Teck Resources Ltd., Coeur Mining Inc., Goldcorp Inc. and AK Steel Holding Corp. move to hold from sell.

That makes him neutral overall toward the sector, with 12 buys and 13 holds.

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Deutsche Bank [+]    Monday [+]    Analyst Jorge Beristain [+]    Barrick Gold Corp [+]    Pan American Silver Corp [+]    Freeport [+]    McMorRan Inc [+]    Teck Resources Ltd [+]    Coeur Mining Inc [+]    Goldcorp Inc [+]    AK Steel Holding Corp [+]   

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