Barrick Gold Corp. (ABX) Given Consensus Rating of “Hold” by Brokerages

Barrick Gold Corp. (TSE:ABX) (NYSE:ABX) has received an average recommendation of “Hold” from the nine brokerages that are covering the firm. Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$20.46.

Several brokerages have weighed in on ABX. TD Securities downgraded Barrick Gold Corp. from a “buy” rating to a “hold” rating and lowered their target price for the company from C$25.00 to C$18.00 in a research note on Wednesday, December 21st. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Barrick Gold Corp. in a research note on Thursday, December 15th. Scotiabank reiterated a “sector perform” rating and issued a C$19.00 target price on shares of Barrick Gold Corp. in a research note on Thursday, January 26th. Canaccord Genuity lifted their price target on Barrick Gold Corp. from C$28.00 to C$29.00 in a research note on Friday, February 3rd. Finally, Barclays PLC decreased their price target on Barrick Gold Corp. from C$21.00 to C$20.00 in a research note on Tuesday, January 10th.

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Barrick Gold Corp. (TSE:ABX) opened at 25.51 on Wednesday. The firm’s 50-day moving average is $23.12 and its 200 day moving average is $23.04. The stock’s market capitalization is $29.73 billion. Barrick Gold Corp. has a 1-year low of $15.88 and a 1-year high of $30.44.

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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