Barrick Gold Corp. Given Consensus Recommendation of “Hold” by Brokerages (TSE:ABX)
Barrick Gold Corp. (TSE:ABX) has received an average recommendation of “Hold” from the thirteen ratings firms that are presently covering the company, AnalystRatings.NET reports. One analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$18.71.
Shares of Barrick Gold Corp. (TSE:ABX) opened at 20.71 on Wednesday. Barrick Gold Corp. has a one year low of $15.56 and a one year high of $23.78. The stock’s 50-day moving average is $18.57 and its 200-day moving average is $20.04. The company’s market cap is $24.120 billion.
Barrick Gold Corp. (TSE:ABX) last announced its earnings results on Thursday, May 1st. The company reported $0.22 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.25 by $0.03. On average, analysts predict that Barrick Gold Corp. will post $0.83 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Canaccord Genuity cut their price target on shares of Barrick Gold Corp. from C$19.00 to C$18.50 in a research note on Thursday. They now have a “sell” rating on the stock. Separately, analysts at TD Securities raised their price target on shares of Barrick Gold Corp. from C$20.00 to C$21.00 in a research note on Thursday. They now have a “hold” rating on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Barrick Gold Corp. from C$16.00 to C$17.00 in a research note on Wednesday. They now have a “neutral” rating on the stock.
Barrick Gold Corporation (TSE:ABX) is engaged in the production and sale of gold, as well as related activities, such as exploration and mine development.
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