News coverage about Barrick Gold (NYSE:ABX) (TSE:ABX) has trended somewhat positive this week, according to Accern. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Barrick Gold earned a news impact score of 0.17 on Accern’s scale. Accern also assigned media stories about the basic materials company an impact score of 46.1328929321075 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- Barrick Gold Corporation (NYSE:ABX) – Hot Mover to Watch – Nasdaq Journal (nasdaqjournal.com)
- The Stock on Analysts Watch-List: Barrick Gold Corporation (ABX) – Wall Street Morning (wallstreetmorning.com)
- Barrick Gold (ABX) Reports Update on Pascua-Lama Project – StreetInsider.com (streetinsider.com)
- How Do Miners’ Technicals Look? (finance.yahoo.com)
- Barrick Provides Update on Pascua-Lama Project (finance.yahoo.com)
ABX has been the subject of a number of research reports. TheStreet downgraded shares of Barrick Gold from a “b-” rating to a “c” rating in a research report on Thursday, October 26th. Berenberg Bank reiterated a “hold” rating on shares of Barrick Gold in a research report on Tuesday, October 24th. TD Securities lifted their price target on shares of Barrick Gold from $17.00 to $17.50 and gave the company a “hold” rating in a research report on Friday, January 12th. BMO Capital Markets set a $16.00 price target on shares of Barrick Gold and gave the company a “hold” rating in a research report on Tuesday, December 19th. Finally, Royal Bank of Canada downgraded shares of Barrick Gold from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from $21.00 to $18.00 in a research report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the stock. Barrick Gold currently has an average rating of “Hold” and a consensus target price of $18.48.
About Barrick Gold
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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