Barrick Gold (ABX) Rating Reiterated by Royal Bank of Canada
Barrick Gold (TSE:ABX) (NYSE:ABX)‘s stock had its “sector perform” rating reiterated by stock analysts at Royal Bank of Canada in a research note issued to investors on Wednesday.
Separately, Canaccord Genuity dropped their price objective on shares of Barrick Gold from C$19.00 to C$17.00 in a report on Tuesday, July 24th. Seven research analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and a consensus target price of C$19.17.
TSE ABX opened at C$14.53 on Wednesday. Barrick Gold has a 52 week low of C$12.54 and a 52 week high of C$21.03.
In other news, Director Pablo Marcet purchased 3,500 shares of the stock in a transaction dated Wednesday, September 26th. The shares were purchased at an average cost of C$11.06 per share, with a total value of C$38,710.00.
About Barrick Gold
Barrick Gold Corporation engages in the exploration and development of mineral properties. It primarily explores for gold and copper deposits. The company holds a 50% interest in the Veladero mine located in the San Juan Province of Argentina; 50% interest in the KCGM, a gold mine located in Australia; 95% interest in Porgera, a gold mine located in Papua New Guinea; 50% interest in the Zaldívar, a copper mine located in Chile; and 50% interest in the Jabal Sayid, a copper mine located in Saudi Arabia.
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