Barrick Gold Corp.’s (ABX) Buy Rating Reiterated at Goldman Sachs Group Inc.
Barrick Gold Corp. (TSE:ABX)‘s stock had its “buy” rating reaffirmed by equities researchers at Goldman Sachs Group Inc. in a report issued on Wednesday.
Several other analysts have also issued reports on ABX. Canaccord Genuity upped their target price on shares of Barrick Gold Corp. from C$26.00 to C$33.00 in a research note on Tuesday, July 12th. TD Securities reiterated a “buy” rating and issued a C$26.00 target price on shares of Barrick Gold Corp. in a research note on Friday, July 22nd. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Barrick Gold Corp. in a research note on Friday, September 2nd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of C$22.44.
Barrick Gold Corp. (TSE:ABX) traded up 1.55% during mid-day trading on Wednesday, hitting $20.91. 4,765,601 shares of the stock were exchanged. Barrick Gold Corp. has a 52 week low of $9.18 and a 52 week high of $30.45. The company’s market capitalization is $24.37 billion. The stock’s 50-day moving average is $23.34 and its 200 day moving average is $23.98.
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About Barrick Gold Corp.
Barrick Gold Corporation (Barrick) is engaged in the production and sale of gold, as well as related activities, such as exploration and mine development. The Company produces copper, principally from its Zaldivar joint venture and Lumwana mine, and holds other interests. Barricks’ segments include Cortez, Goldstrike, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Porgera, Kalgoorlie, Acacia Mining plc, Lumwana, Zaldivar and Pascua-Lama Project.
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