Barrick Gold Corp. (ABX) Rating Reiterated by Scotiabank

Barrick Gold Corp. (ABX) Rating Reiterated by Scotiabank

Barrick Gold Corp. (TSE:ABX) (NYSE:ABX)‘s stock had its “sector perform” rating reaffirmed by research analysts at Scotiabank in a research note issued to investors on Thursday. They currently have a C$19.00 price target on the stock. Scotiabank’s price target points to a potential downside of 18.73% from the stock’s previous close.

Several other equities analysts also recently issued reports on ABX. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of Barrick Gold Corp. in a research report on Wednesday, October 5th. Canaccord Genuity reduced their price objective on Barrick Gold Corp. from C$34.00 to C$29.00 in a research report on Monday, October 24th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Barrick Gold Corp. in a research report on Tuesday, October 25th. TD Securities reduced their price objective on Barrick Gold Corp. from C$26.00 to C$25.00 and set a “buy” rating for the company in a research report on Wednesday, November 2nd. Finally, Barclays PLC reduced their price objective on Barrick Gold Corp. from C$21.00 to C$20.00 in a research report on Tuesday, January 10th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of C$21.72.

Barrick Gold Corp. (TSE:ABX) opened at 23.38 on Thursday. The stock’s market cap is $27.25 billion. The firm’s 50-day moving average price is $21.50 and its 200 day moving average price is $23.21. Barrick Gold Corp. has a 52-week low of $13.05 and a 52-week 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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