Barrick Gold Corp (ABX) Receives Consensus Recommendation of “Hold” from Brokerages
Barrick Gold Corp (TSE:ABX) (NYSE:ABX) has been given a consensus rating of “Hold” by the nine brokerages that are covering the company, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$22.67.
A number of research firms have recently weighed in on ABX. BMO Capital Markets reaffirmed a “market perform” rating and set a C$18.00 price objective on shares of Barrick Gold in a research report on Friday, October 13th. CSFB lowered their price objective on Barrick Gold to C$24.00 and set a “neutral” rating on the stock in a research report on Thursday, October 26th. Canaccord Genuity lowered their price objective on Barrick Gold from C$27.50 to C$25.00 and set a “buy” rating on the stock in a research report on Friday, October 20th. Royal Bank of Canada cut Barrick Gold from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from C$21.00 to C$18.00 in a research report on Wednesday, November 1st. Finally, TD Securities lowered their price objective on Barrick Gold to C$22.00 and set a “hold” rating on the stock in a research report on Monday, November 6th.
In other Barrick Gold news, Director Kelvin Paul Michael Dushnisky purchased 56,733 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The shares were bought at an average cost of C$17.97 per share, with a total value of C$1,019,492.01. Also, Director Graham G. Clow purchased 5,000 shares of the stock in a transaction that occurred on Tuesday, December 19th. The stock was acquired at an average cost of C$14.44 per share, for a total transaction of C$72,200.00. Over the last three months, insiders purchased 91,535 shares of company stock worth $1,617,559.
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Barrick Gold Company Profile
Barrick Gold Corporation (Barrick) is a gold mining company. The Company is principally engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. The Company’s segments include Goldstrike, Cortez, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Acacia Mining plc (Acacia), Pascua-Lama and Other Mines.
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