African Barrick Gold (LON:ABG)‘s stock had its “outperform” rating reiterated by research analysts at RBC Capital in a report released on Tuesday, American Banking and Market News reports. They currently have a GBX 220 ($3.60) price objective on the stock. RBC Capital’s price objective would suggest a potential upside of 40.13% from the stock’s previous close.
African Barrick Gold (LON:ABG) opened at 157.90 on Tuesday. African Barrick Gold has a one year low of GBX 93.50 and a one year high of GBX 463.80. The stock’s 50-day moving average is GBX 178.7 and its 200-day moving average is GBX 148.1. The company’s market cap is £647.5 million.
A number of other analysts have also recently weighed in on ABG. Analysts at Investec reiterated a “sell” rating on shares of African Barrick Gold in a research note to investors on Wednesday, December 4th. They now have a GBX 137 ($2.24) price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “sell” rating on shares of African Barrick Gold in a research note to investors on Monday, December 2nd. They now have a GBX 132 ($2.16) price target on the stock. Finally, analysts at Goldman Sachs Group Inc. raised their price target on shares of African Barrick Gold from GBX 110 ($1.80) to GBX 140 ($2.29) in a research note to investors on Monday, November 25th. They now have a “sell” rating on the stock. Six research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of GBX 171.50 ($2.80).
African Barrick Gold Plc. (LON:ABG) is engaged in gold production on Tanzania.
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