Barrick Gold Corp (ABX) Stock Rating Reaffirmed by BMO Capital Markets
Barrick Gold Corp (TSE:ABX) (NYSE:ABX)‘s stock had its “outperform” rating restated by analysts at BMO Capital Markets in a research note issued on Friday. They presently have a C$21.00 price target on the stock. BMO Capital Markets’ target price indicates a potential upside of 1.79% from the stock’s current price.
Several other research firms have also issued reports on ABX. Scotiabank reissued a “sector perform” rating and issued a C$30.00 target price on shares of Barrick Gold Corp in a report on Friday, April 7th. TD Securities reissued a “hold” rating and issued a C$27.00 target price on shares of Barrick Gold Corp in a report on Tuesday, April 25th. Royal Bank Of Canada reissued an “outperform” rating on shares of Barrick Gold Corp in a report on Monday, April 24th. Canaccord Genuity increased their target price on shares of Barrick Gold Corp from C$30.00 to C$31.00 and gave the stock a “buy” rating in a report on Wednesday, March 29th. Finally, Clarkson Capital reissued a “neutral” rating on shares of Barrick Gold Corp in a report on Wednesday, May 10th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of C$26.43.
Barrick Gold Corp (TSE:ABX) traded down 0.19% during trading on Friday, hitting $20.63. 2,567,645 shares of the stock were exchanged. The firm has a market capitalization of $24.05 billion and a price-to-earnings ratio of 17.05. The company has a 50-day moving average price of $21.92 and a 200 day moving average price of $23.35. Barrick Gold Corp has a 1-year low of $18.52 and a 1-year high of $30.44.
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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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