Barrick Gold Corp (ABX) Earns “Neutral” Rating from Eight Capital
Barrick Gold Corp (TSE:ABX) (NYSE:ABX)‘s stock had its “neutral” rating reissued by analysts at Eight Capital in a research report issued to clients and investors on Thursday.
Several other equities research analysts have also recently weighed in on ABX. Canaccord Genuity decreased their price target on Barrick Gold Corp from C$30.00 to C$27.50 in a research note on Friday, September 29th. Royal Bank Of Canada cut Barrick Gold Corp from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from C$21.00 to C$18.00 in a research note on Wednesday, November 1st. TD Securities decreased their price target on Barrick Gold Corp to C$22.00 and set a “hold” rating for the company in a research note on Monday, November 6th. CSFB decreased their price target on Barrick Gold Corp to C$24.00 and set a “neutral” rating for the company in a research note on Thursday, October 26th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a C$18.00 price target on shares of Barrick Gold Corp in a research note on Friday, October 13th. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of C$22.43.
Shares of Barrick Gold Corp (TSE:ABX) traded down C$0.03 during mid-day trading on Thursday, hitting C$17.82. The stock had a trading volume of 2,296,483 shares, compared to its average volume of 3,060,903. Barrick Gold Corp has a 12 month low of C$17.61 and a 12 month high of C$27.19.
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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