Barrick Gold Corp (ABX) Earns Outperform Rating from BMO Capital Markets

Barrick Gold Corp (TSE:ABX) (NYSE:ABX)‘s stock had its “outperform” rating restated by equities research analysts at BMO Capital Markets in a research note issued to investors on Thursday, May 25th. They presently have a C$24.00 price target on the stock. BMO Capital Markets’ price target would suggest a potential upside of 16.11% from the stock’s previous close.

Several other equities research analysts have also issued reports on ABX. TD Securities reissued a “hold” rating and issued a C$18.00 price target on shares of Barrick Gold Corp in a report on Thursday, January 26th. Scotiabank reissued a “sector perform” rating and issued a C$19.00 price target on shares of Barrick Gold Corp in a report on Thursday, January 26th. Canaccord Genuity boosted their target price on shares of Barrick Gold Corp from C$28.00 to C$29.00 in a research note on Friday, February 3rd. Royal Bank Of Canada restated a “sector perform” rating on shares of Barrick Gold Corp in a research note on Thursday, February 16th. Finally, CSFB boosted their target price on shares of Barrick Gold Corp from C$23.00 to C$25.00 in a research note on Thursday, February 16th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of C$26.86.

Analyst Recommendations for Barrick Gold Corp (TSE:ABX)

Barrick Gold Corp (TSE ABX) traded down 0.24% during midday trading on Thursday, reaching $20.67. 2,256,256 shares of the company were exchanged. The firm has a market cap of $24.10 billion and a P/E ratio of 17.08. Barrick Gold Corp has a one year low of $18.52 and a one year high of $30.44. The firm’s 50-day moving average is $22.17 and its 200-day moving average is $23.37.

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About Barrick Gold Corp

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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