Barrick Gold (TSE:ABX) (NYSE:ABX) has been assigned a C$15.00 price objective by analysts at BMO Capital Markets in a report issued on Thursday. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ price target indicates a potential downside of 10.02% from the stock’s previous close.
Other analysts have also recently issued research reports about the stock. Canaccord Genuity boosted their target price on shares of Barrick Gold from C$24.50 to C$27.00 in a report on Friday, January 19th. TD Securities dropped their price target on shares of Barrick Gold to C$22.00 and set a “hold” rating on the stock in a research note on Monday, November 6th. Desjardins reiterated a “hold” rating on shares of Barrick Gold in a research note on Monday, December 11th. Eight Capital reiterated a “neutral” rating on shares of Barrick Gold in a research note on Thursday, November 16th. Finally, CSFB dropped their price target on shares of Barrick Gold to C$24.00 and set a “neutral” rating on the stock in a research note on Thursday, October 26th. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of C$22.67.
Shares of Barrick Gold (TSE ABX) traded down C$0.16 during mid-day trading on Thursday, hitting C$16.67. 3,273,055 shares of the stock were exchanged, compared to its average volume of 2,934,061. Barrick Gold has a 1 year low of C$16.53 and a 1 year high of C$27.19. The company has a market cap of $19,410.00, a PE ratio of 7.09 and a beta of -0.82.
About Barrick Gold
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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