Barrick Gold Corp. Given Sell Rating at Canaccord Genuity (ABX)
Barrick Gold Corp. (TSE:ABX)‘s stock had its “sell” rating restated by research analysts at Canaccord Genuity in a report released on Tuesday, Analyst Ratings Net reports. They currently have a C$20.50 price objective on the stock, up from their previous price objective of C$17.50. Canaccord Genuity’s price target suggests a potential downside of 11.98% from the stock’s previous close.
ABX has been the subject of a number of other recent research reports. Analysts at TD Securities raised their price target on shares of Barrick Gold Corp. from C$19.00 to C$21.00 in a research note on Friday, February 14th. They now have a “hold” rating on the stock. Separately, analysts at Dundee Securities reiterated a “neutral” rating on shares of Barrick Gold Corp. in a research note on Tuesday, January 21st. Finally, analysts at Haywood Securities raised their price target on shares of Barrick Gold Corp. from C$20.00 to C$20.50 in a research note on Wednesday, January 15th. They now have a “hold” rating on the stock. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of C$23.91.
Shares of Barrick Gold Corp. (TSE:ABX) opened at 23.52 on Tuesday. Barrick Gold Corp. has a 52-week low of $14.22 and a 52-week high of $32.46. The stock has a 50-day moving average of $21.04 and a 200-day moving average of $19.46. The company’s market cap is $27.393 billion.
Barrick Gold Corporation (TSE:ABX) is engaged in the production and sale of gold, as well as related activities.
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