Barrick Gold Corp. Receives New Coverage from Analysts at Canaccord Genuity (ABX)
Analysts at Canaccord Genuity began coverage on shares of Barrick Gold Corp. (TSE:ABX) in a research report issued to clients and investors on Thursday, American Banking and Market News reports. The firm set a “hold” rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at Haywood Securities cut their price target on shares of Barrick Gold Corp. from C$26.50 to C$20.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Barrick Gold Corp. from C$15.00 to C$17.00 in a research note to investors on Friday, October 4th. They now have a “hold” rating on the stock. Finally, analysts at Goldman Sachs Group Inc. initiated coverage on shares of Barrick Gold Corp. in a research note to investors on Friday, September 20th. They set a “neutral” rating and a C$19.00 price target on the stock. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of C$26.94.
Barrick Gold Corp. (TSE:ABX) traded up 4.13% during mid-day trading on Thursday, hitting $20.95. 3,072,168 shares of the company’s stock traded hands. Barrick Gold Corp. has a 52 week low of $14.22 and a 52 week high of $40.83. The stock’s 50-day moving average is $19.16 and its 200-day moving average is $21.2. The company’s market cap is $20.974 billion.
Barrick Gold Corporation (TSE:ABX) is engaged in the production and sale of gold, as well as related activities.
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