BMO Capital Markets Increases Barrick Gold Corp. (ABX) Price Target to C$22.00
Barrick Gold Corp. (TSE:ABX) (NYSE:ABX) had its target price lifted by stock analysts at BMO Capital Markets from C$20.00 to C$22.00 in a note issued to investors on Thursday. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price target suggests a potential downside of 12.97% from the company’s previous close.
Other equities analysts also recently issued reports about the stock. Canaccord Genuity upped their price objective on shares of Barrick Gold Corp. from C$28.00 to C$29.00 in a research note on Friday, February 3rd. Barclays PLC decreased their price target on shares of Barrick Gold Corp. from C$21.00 to C$20.00 in a research note on Tuesday, January 10th. TD Securities decreased their price target on shares of Barrick Gold Corp. from C$26.00 to C$25.00 and set a “buy” rating for the company in a research note on Wednesday, November 2nd. Royal Bank Of Canada reissued a “sector perform” rating on shares of Barrick Gold Corp. in a research note on Thursday. Finally, Scotiabank reissued a “sector perform” rating and issued a C$19.00 price target on shares of Barrick Gold Corp. in a research note on Thursday, January 26th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of C$22.05.
Barrick Gold Corp. (TSE:ABX) traded up 4.83% during trading on Thursday, hitting $26.50. 5,056,972 shares of the company’s stock traded hands. Barrick Gold Corp. has a 12 month low of $15.88 and a 12 month high of $30.44. The company’s 50 day moving average is $23.12 and its 200-day moving average is $23.04. The stock’s market cap is $30.88 billion.
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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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