RBC Capital Gives Outperform Rating to African Barrick Gold (ABG)
African Barrick Gold (LON: ABG)‘s stock had its “outperform” rating reaffirmed by analysts at RBC Capital in a research report issued to clients and investors on Thursday. They currently have a $8.00 (500 GBX) target price on the stock.
Shares of African Barrick Gold opened at 342.10 on Thursday. African Barrick Gold has a one year low of GBX 301.40 and a one year high of GBX 535.00. The stock’s 50-day moving average is currently GBX 460.4. The company’s market cap is £1.403 billion.
Several other analysts have also recently commented on the stock. Analysts at Investec upgraded shares of African Barrick Gold to a “buy” rating in a research note to investors on Tuesday. They now have a $6.51 price target on the stock. Separately, analysts at Barclays Capital reiterated an “underweight” rating on shares of African Barrick Gold in a research note to investors on Monday. They now have a $5.81 price target on the stock. Finally, analysts at JPMorgan Chase reiterated a “neutral” rating on shares of African Barrick Gold in a research note to investors on Wednesday, January 9th. They now have a $5.94 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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