Dundee Securities Initiates Coverage on Barrick Gold Corp (ABX)
Equities research analysts at Dundee Securities initiated coverage on shares of Barrick Gold Corp (NYSE:ABX) in a research note issued to investors on Tuesday, Analyst Ratings Network reports. The firm set a “neutral” rating on the stock.
Barrick Gold Corp (NYSE:ABX) traded up 2.24% during mid-day trading on Tuesday, hitting $19.19. 12,026,780 shares of the company’s stock traded hands. Barrick Gold Corp has a 1-year low of $13.43 and a 1-year high of $34.99. The stock’s 50-day moving average is $17.12 and its 200-day moving average is $17.69. The company’s market cap is $19.212 billion.
A number of other analysts have also recently weighed in on ABX. Analysts at Barclays cut their price target on shares of Barrick Gold Corp from $23.00 to $20.00 in a research note to investors on Friday. They now have an “equal weight” rating on the stock. Separately, analysts at Haywood Securities downgraded shares of Barrick Gold Corp to a “hold” rating in a research note to investors on Wednesday, January 15th. Finally, analysts at Canaccord Genuity downgraded shares of Barrick Gold Corp from a “hold” rating to a “sell” rating in a research note to investors on Monday, January 13th. Three analysts have rated the stock with a sell rating, twenty have issued a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $20.72.
Barrick Gold Corporation (NYSE:ABX) is engaged in the production and sale of gold, as well as related activities.
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