Goldman Sachs Group Inc. Reiterates Buy Rating for Barrick Gold Corp. (ABX)
Barrick Gold Corp. (TSE:ABX)‘s stock had its “buy” rating restated by investment analysts at Goldman Sachs Group Inc. in a note issued to investors on Wednesday.
Several other equities analysts have also recently issued reports on ABX. Canaccord Genuity boosted their price target on shares of Barrick Gold Corp. from C$26.00 to C$33.00 in a research report on Tuesday, July 12th. TD Securities reiterated a “buy” rating and set a C$26.00 price target on shares of Barrick Gold Corp. in a research report on Friday, July 22nd. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Barrick Gold Corp. in a research report on Friday, September 2nd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of C$22.44.
Barrick Gold Corp. (TSE:ABX) opened at 20.59 on Wednesday. Barrick Gold Corp. has a one year low of $9.18 and a one year high of $30.45. The stock’s 50 day moving average is $23.51 and its 200 day moving average is $23.97. The firm’s market capitalization is $23.99 billion.
About Barrick Gold Corp.
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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