Barrick Gold Corp. (TSE:ABX) Receives C$22.32 Consensus Target Price from Brokerages
Barrick Gold Corp. (TSE:ABX) has been assigned a consensus recommendation of “Buy” from the eight ratings firms that are presently covering the company. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$22.32.
A number of research analysts recently issued reports on ABX shares. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Barrick Gold Corp. in a report on Friday, September 2nd. Canaccord Genuity raised their price objective on shares of Barrick Gold Corp. from C$26.00 to C$33.00 in a report on Tuesday, July 12th. Finally, TD Securities reiterated a “buy” rating and issued a C$26.00 price objective on shares of Barrick Gold Corp. in a report on Wednesday, August 10th.
Shares of Barrick Gold Corp. (TSE:ABX) opened at 23.58 on Tuesday. The stock has a 50 day moving average of $24.38 and a 200-day moving average of $23.88. Barrick Gold Corp. has a 12 month low of $8.50 and a 12 month high of $30.45. The company’s market cap is $27.48 billion.
Barrick Gold Corp. Company Profile
Barrick Gold Corporation (Barrick) is engaged in the production and sale of gold, as well as related activities, such as exploration and mine development. The Company produces copper, principally from its Zaldivar joint venture and Lumwana mine, and holds other interests. Barricks’ segments include Cortez, Goldstrike, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Porgera, Kalgoorlie, Acacia Mining plc, Lumwana, Zaldivar and Pascua-Lama Project.
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