Barrick Gold Corp (ABX) Given Average Recommendation of “Buy” by Analysts
Shares of Barrick Gold Corp (TSE:ABX) (NYSE:ABX) have been assigned a consensus recommendation of “Buy” from the nine ratings firms that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$26.17.
Several equities analysts have recently commented on the company. Royal Bank Of Canada reiterated an “outperform” rating on shares of Barrick Gold Corp in a research note on Friday. Scotiabank increased their target price on Barrick Gold Corp from C$19.00 to C$22.00 and gave the company a “sector perform” rating in a research note on Friday, February 24th. Canaccord Genuity increased their target price on Barrick Gold Corp from C$29.00 to C$30.00 and gave the company an “outperform” rating in a research note on Thursday, February 23rd. TD Securities increased their target price on Barrick Gold Corp from C$18.00 to C$20.00 and gave the company a “hold” rating in a research note on Friday, February 24th. Finally, Clarkson Capital reiterated a “neutral” rating on shares of Barrick Gold Corp in a research note on Wednesday, May 10th.
Barrick Gold Corp (TSE:ABX) traded up 2.73% during mid-day trading on Friday, reaching $21.86. 1,933,033 shares of the company’s stock were exchanged. The company has a market capitalization of $25.48 billion and a P/E ratio of 18.07. The company’s 50 day moving average price is $22.12 and its 200-day moving average price is $23.37. Barrick Gold Corp has a 52 week low of $18.52 and a 52 week high of $30.44.
About Barrick Gold Corp
Barrick Gold Corporation (Barrick) is a gold mining company. The Company is principally engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. The Company’s segments include Goldstrike, Cortez, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Acacia Mining plc (Acacia), Pascua-Lama and Other Mines.
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