Barrick Gold’s (ABX) Hold Rating Reiterated at Desjardins
Barrick Gold (TSE:ABX) (NYSE:ABX)‘s stock had its “hold” rating reaffirmed by stock analysts at Desjardins in a report issued on Monday.
A number of other analysts have also issued reports on ABX. Canaccord Genuity dropped their target price on Barrick Gold from C$30.00 to C$27.50 in a research report on Friday, September 29th. Royal Bank Of Canada lowered Barrick Gold from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from C$21.00 to C$18.00 in a research report on Wednesday, November 1st. CSFB dropped their target price on Barrick Gold to C$24.00 and set a “neutral” rating on the stock in a research report on Thursday, October 26th. BMO Capital Markets reaffirmed a “market perform” rating and set a C$18.00 target price on shares of Barrick Gold in a research report on Friday, October 13th. Finally, Eight Capital reaffirmed a “neutral” rating on shares of Barrick Gold in a research report on Thursday, November 16th. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of C$22.43.
Shares of Barrick Gold (TSE:ABX) remained flat at $C$17.57 during midday trading on Monday. The stock had a trading volume of 1,942,660 shares, compared to its average volume of 3,022,819. Barrick Gold has a fifty-two week low of C$17.07 and a fifty-two week high of C$27.19.
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Barrick Gold Company Profile
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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