BMO Capital Markets Reiterates C$15.00 Price Target for Barrick Gold (ABX)

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.

In other Barrick Gold news, Director Kelvin Paul Michael Dushnisky bought 56,733 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The stock was acquired at an average price of C$17.97 per share, with a total value of C$1,019,492.01. Also, Director Graham G. Clow bought 5,000 shares of the firm’s stock in a transaction on Tuesday, December 19th. The stock was acquired at an average cost of C$14.44 per share, with a total value of C$72,200.00. In the last quarter, insiders purchased 91,535 shares of company stock worth $1,617,559.

TRADEMARK VIOLATION WARNING: This news story was reported by American Banking News and is owned by of American Banking News. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of United States and international trademark & copyright legislation. The legal version of this news story can be viewed at https://www.americanbankingnews.com/2018/02/08/bmo-capital-markets-reiterates-c15-00-price-target-for-barrick-gold-abx.html.

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.

Analyst Recommendations for Barrick Gold (TSE:ABX)

Receive News & Ratings for Barrick Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barrick Gold and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply