African Barrick Gold Given “Underperform” Rating at CIBC (ABG)
African Barrick Gold (LON: ABG)‘s stock had its “underperform” rating reiterated by equities research analysts at CIBC in a research note issued to investors on Friday. They currently have a $3.87 (250 GBX) target price on the stock.
Shares of African Barrick Gold traded down 4.56% during mid-day trading on Friday, hitting GBX 295.00. African Barrick Gold has a one year low of GBX 300.10 and a one year high of GBX 500.00. The stock’s 50-day moving average is currently GBX 460.4. The company’s market cap is £1.216 billion.
A number of other firms have also recently commented on ABG. Analysts at Deutsche Bank cut their price target on shares of African Barrick Gold from $6.35 to $5.27 in a research note to investors on Thursday. They now have a “hold” rating on the stock. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of African Barrick Gold in a research note to investors on Tuesday. They now have a $7.83 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.
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