Barrick Gold Corp Downgraded to “Underweight” at HSBC (ABX)
Barrick Gold Corp (NYSE:ABX) was downgraded by equities researchers at HSBC from a “neutral” rating to an “underweight” rating in a research report issued on Wednesday, American Banking & Market News reports.
Several other analysts have also recently commented on the stock. Analysts at Dundee Securities initiated coverage on shares of Barrick Gold Corp in a research note to investors on Tuesday. They set a “neutral” rating on the stock. Separately, 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, January 17th. They now have an “equal weight” rating on the stock. Finally, analysts at Haywood Securities downgraded shares of Barrick Gold Corp to a “hold” rating in a research note to investors on Wednesday, January 15th. Four investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $20.79.
Barrick Gold Corp (NYSE:ABX) opened at 19.25 on Wednesday. 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 $17.19 and its 200-day moving average is $17.77. The company’s market cap is $19.272 billion.
Barrick Gold Corporation (NYSE:ABX) is engaged in the production and sale of gold, as well as related activities.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.