Barrick Gold (TSE:ABX) (NYSE:ABX) had its target price increased by research analysts at Canaccord Genuity from C$24.50 to C$27.00 in a note issued to investors on Friday. Canaccord Genuity’s price target indicates a potential upside of 50.08% from the company’s current price.
ABX has been the topic of a number of other research reports. Eight Capital reaffirmed a “neutral” rating on shares of Barrick Gold in a report on Thursday, November 16th. Desjardins reaffirmed a “hold” rating on shares of Barrick Gold in a report on Monday, December 11th. Royal Bank of Canada lowered Barrick Gold from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from C$21.00 to C$18.00 in a report on Wednesday, November 1st. BMO Capital Markets reiterated a “market perform” rating and set a C$18.00 target price on shares of Barrick Gold in a research report on Friday, October 13th. Finally, TD Securities decreased their target price on Barrick Gold to C$22.00 and set a “hold” rating on the stock in a research report on Monday, November 6th. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of C$23.17.
Barrick Gold (TSE:ABX) opened at C$17.99 on Friday. Barrick Gold has a twelve month low of C$17.07 and a twelve month high of C$27.19. The firm has a market capitalization of $20,980.00, a price-to-earnings ratio of 7.75 and a beta of -0.88.
In related news, Director Graham G. Clow acquired 5,000 shares of Barrick Gold stock in a transaction dated Tuesday, December 19th. The shares were acquired at an average cost of C$14.44 per share, for a total transaction of C$72,200.00. Also, Director Kelvin Paul Michael Dushnisky acquired 56,733 shares of Barrick Gold stock in a transaction dated Wednesday, November 22nd. The stock was bought at an average price of C$17.97 per share, for a total transaction of C$1,019,492.01. Over the last quarter, insiders have acquired 91,535 shares of company stock worth $1,617,559.
About Barrick Gold
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.
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