African Barrick Gold Downgraded by Nomura to Reduce (ABG)
Nomura cut shares of African Barrick Gold (LON: ABG) from a neutral rating to a reduce rating in a research note issued to investors on Thursday. The firm currently has $3.01 (201 GBX) target price on the stock, down from their previous target price of $6.54 (438 GBX).
Shares of African Barrick Gold opened at 234.60 on Thursday. African Barrick Gold has a 52 week low of GBX 237.00 and a 52 week high of GBX 499.475. The stock’s 50-day moving average is currently GBX 460.4. The company’s market cap is £957.6 million.
A number of other analysts have also recently weighed in on ABG. Analysts at RBC Capital reiterated an outperform rating on shares of African Barrick Gold in a research note to investors on Monday, March 4th. They now have a $6.01 price target on the stock. Separately, analysts at Morgan Stanley cut their price target on shares of African Barrick Gold from $6.04 to $5.42 in a research note to investors on Friday, February 15th. They now have an equal weight rating on the stock. Finally, analysts at CIBC reiterated an underperform rating on shares of African Barrick Gold in a research note to investors on Friday, February 15th. They now have a $3.87 price target on the stock.
African Barrick Gold Plc. (ABG) is engaged in gold production on Tanzania. ABG has four producing mines, located in north-west Tanzania, and exploration projects.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.