Barrick Gold Corp’s (ABX) “Market Perform” Rating Reiterated at BMO Capital Markets

Barrick Gold Corp (TSE:ABX) (NYSE:ABX)‘s stock had its “market perform” rating reaffirmed by equities researchers at BMO Capital Markets in a research note issued to investors on Friday. They presently have a C$18.00 target price on the stock. BMO Capital Markets’ price target suggests a potential downside of 13.46% from the company’s previous close.

A number of other analysts also recently issued reports on the company. TD Securities reaffirmed a “hold” rating and issued a C$27.00 price objective on shares of Barrick Gold Corp in a research note on Tuesday, July 4th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Barrick Gold Corp in a research note on Friday, June 23rd. Scotiabank reaffirmed a “sector perform” rating and issued a C$30.00 price objective on shares of Barrick Gold Corp in a research note on Tuesday, July 4th. Finally, Canaccord Genuity reduced their price objective on Barrick Gold Corp from C$30.00 to C$27.50 in a research note on Friday, September 29th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Barrick Gold Corp currently has a consensus rating of “Hold” and a consensus price target of C$25.50.

Barrick Gold Corp (ABX) traded up 0.10% on Friday, hitting $20.80. 1,611,086 shares of the company traded hands. The firm has a market capitalization of $24.25 billion and a PE ratio of 10.30. Barrick Gold Corp has a 1-year low of $18.52 and a 1-year high of $27.19. The firm’s 50 day moving average price is $21.05 and its 200 day moving average price is $22.03.

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Barrick Gold Corp Company Profile

Barrick Gold Corporation (Barrick) is a gold mining company. The Company is principally engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. The Company’s segments include Goldstrike, Cortez, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Acacia Mining plc (Acacia), Pascua-Lama and Other Mines.

Analyst Recommendations for Barrick Gold Corp (TSE:ABX)

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