Barrick Gold Corp Given Hold Rating at TheStreet (ABX)
“Barrick Gold Corporation (ABX) has been reiterated by TheStreet Ratings as a hold with a ratings score of C- . The company’s strengths can be seen in multiple areas, such as its revenue growth and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company’s earnings per share, deteriorating net income and disappointing return on equity.”
,” TheStreet’s analyst commented.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays Capital cut their price target on shares of Barrick Gold Corp from $44.00 to $43.00 in a research note to investors on Tuesday, March 5th. They now have an equal weight rating on the stock. Separately, analysts at Zacks downgraded shares of Barrick Gold Corp from a neutral rating to an underperform rating in a research note to investors on Thursday, February 28th. They now have a $28.00 price target on the stock.
One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company’s stock. Barrick Gold Corp presently has a consensus rating of Hold and a consensus target price of $43.91.
Shares of Barrick Gold Corp (NYSE: ABX) traded down 0.38% during mid-day trading on Monday, hitting $28.729. Barrick Gold Corp has a 52 week low of $28.31 and a 52 week high of $44.87. The stock’s 50-day moving average is currently $30.70. The company’s market cap is $28.761 billion.
Barrick Gold Corporation (NYSE: ABX) is engaged in the production and sale of gold, as well as related activities.
To view TheStreet’s full report, visit www.thestreetratings.com
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