Barrick Gold Corp (TSE:ABX) Earns Hold Rating from TD Securities
Barrick Gold Corp (TSE:ABX) (NYSE:ABX)‘s stock had its “hold” rating restated by analysts at TD Securities in a research report issued on Tuesday, July 4th, StockTargetPrices.com reports. They presently have a C$27.00 price target on the stock. TD Securities’ price objective would indicate a potential upside of 25.76% from the company’s previous close.
Other equities research analysts also recently issued research reports about the stock. Scotiabank restated a “sector perform” rating and issued a C$30.00 target price on shares of Barrick Gold Corp in a research note on Tuesday, July 4th. BMO Capital Markets restated an “outperform” rating and issued a C$24.00 target price on shares of Barrick Gold Corp in a research note on Friday, April 7th. Royal Bank Of Canada restated an “outperform” rating on shares of Barrick Gold Corp in a research note on Friday, June 23rd. Clarkson Capital restated a “neutral” rating on shares of Barrick Gold Corp in a research note on Wednesday, May 10th. Finally, Canaccord Genuity upped their price target on shares of Barrick Gold Corp from C$30.00 to C$31.00 and gave the stock a “buy” rating in a research report on Wednesday, March 29th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of C$26.00.
Shares of Barrick Gold Corp (TSE:ABX) traded down 2.10% during trading on Tuesday, reaching $21.02. 1,850,886 shares of the company’s stock traded hands. The stock has a 50-day moving average of $20.65 and a 200-day moving average of $23.28. The company has a market capitalization of $24.51 billion and a price-to-earnings ratio of 10.41. Barrick Gold Corp has a 1-year low of $18.52 and a 1-year high of $29.59.
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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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