Barrick Gold Corp Stock Rating Reaffirmed by 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 wrote.
Barrick Gold Corp (NYSE: ABX) traded up 1.05% on Thursday, hitting $28.92. Barrick Gold Corp has a 1-year low of $28.31 and a 1-year high of $44.87. The stock’s 50-day moving average is currently $30.92. The company’s market cap is $28.952 billion.
ABX has been the subject of a number of other recent research reports. 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.
Thirteen research analysts have rated the stock with a buy rating, two have given an overweight rating, and fifteen have given a hold rating to the stock. The stock currently has an average rating of overweight and an average target price of $44.49.
Barrick Gold Corporation (Barrick) 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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