African Barrick Gold Stock Rating Reaffirmed by RBC Capital (ABG)
African Barrick Gold (LON: ABG)‘s stock had its “outperform” rating reiterated by investment analysts at RBC Capital in a note issued to investors on Monday. They currently have a $6.01 (400 GBX) target price on the stock.
Shares of African Barrick Gold opened at 248.80 on Monday. African Barrick Gold has a one year low of GBX 261.60 and a one year high of GBX 499.475. The stock’s 50-day moving average is currently GBX 460.4. The company’s market cap is £1.016 billion.
A number of other firms have also recently commented on ABG. 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. Separately, 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. Finally, analysts at Deutsche Bank cut their price target on shares of African Barrick Gold from $6.42 to $6.37 in a research note to investors on Thursday, February 7th. They now have a “hold” 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.
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