UPDATE: Stifel Nicolaus Downgrades Barrick Gold on Reduced Short-Term Price Assumptions

In a report published Tuesday, Stifel Nicolaus analyst George Topping downgraded the rating on Barrick Gold (NYSE: ABX ) from Buy to Hold, and removed the $30.00 price target. In the report, Stifel Nicolaus noted, “We are reducing our short term gold price assumptions. As Barrick is highly levered to gold