Barrick Gold Corp (TSE:ABX) Rating Reaffirmed
Barrick Gold Corp (TSE:ABX) has had their stock rating reiterated as a solid Sector Perform by research professionals at RBC Capital Markets. This was disclosed to clients in an analyst research report on Friday morning.
From a total of 15 analysts covering Barrick Gold Corp. (TSE:ABX) stock, 4 rate it a ”Buy”, 1 a “Sell”, and 11 a ”Hold”. This means that 25% of the ratings are positive. The highest target price is $19 while the lowest target price is $7.12. The mean of all analyst targets is $9.83 with a 2.61% above today’s ($10.72) stock price. Barrick Gold Corp. was the topic of 6 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on October 26 with “Outperform” rating. IBC initiated ABX stock in a recent report from July 24 with “Sector Perform” rating.
Approximately 2.11M shares of stock traded hands. Barrick Gold Corp. (TSE:ABX) has declined 36.54% since May 1, 2015 and is downtrending. It has underperformed by 33.76% the S&P500.
Barrick Gold Corporation is a gold mining company. The company has a market cap of $12.49 billion. The Firm is engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. It currently has negative earnings. The Firm operates in divisions: eight individual gold mines, Acacia and Pascua-Lama project.
According to Zacks Investment Research, “Barrick Gold Corporation is a leading international gold producer with low-cost mines in North and South America.” Get a free copy of the Zacks research report on Barrick Gold Corp. (ABX).