African Barrick Gold Given New $2.91 Price Target at Westhouse Securities (ABG)
Equities researchers at Westhouse Securities dropped their target price on shares of African Barrick Gold (LON: ABG) from $3.81 (255 GBX) to $2.91 (195 GBX) in a report issued on Wednesday. The firm currently has a “sell” rating on the stock.
African Barrick Gold opened at 240.08 on Wednesday. African Barrick Gold has a 1-year low of GBX 229.90 and a 1-year high of GBX 499.475. The stock’s 50-day moving average is currently GBX 460.4. The company’s market cap is £979.9 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at Nomura downgraded shares of African Barrick Gold from a “neutral” rating to a “reduce” rating in a research note to investors on Thursday, March 7th. They now have a $3.01 price target on the stock, down previously from $6.54. Separately, 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. Finally, 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.
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.