Analysts at UBS AG reduced their target price on shares of Barrick Gold Corp. (TSE:ABX) from C$18.50 to C$17.00 in a research report issued to clients and investors on Tuesday, ARN reports. The firm currently has a “neutral” rating on the stock. UBS AG’s price objective points to a potential upside of 2.78% from the company’s current price.
Barrick Gold Corp. (TSE:ABX) traded up 0.79% during mid-day trading on Tuesday, hitting $16.67. The stock had a trading volume of 1,945,954 shares. Barrick Gold Corp. has a one year low of $14.22 and a one year high of $35.50. The stock’s 50-day moving average is $18.94 and its 200-day moving average is $18.7. The company’s market cap is $16.689 billion.
A number of other firms have also recently commented on ABX. Analysts at TD Securities downgraded shares of Barrick Gold Corp. from a “buy” rating to a “hold” rating in a research note to investors on Friday, November 15th. They now have a C$21.00 price target on the stock, down previously from C$25.00. Separately, analysts at Canaccord Genuity cut their price target on shares of Barrick Gold Corp. from C$21.50 to C$20.50 in a research note to investors on Monday, November 4th. They now have a “hold” rating on the stock. Finally, analysts at Mackie raised their price target on shares of Barrick Gold Corp. from C$15.00 to C$16.50 in a research note to investors on Friday, November 1st. They now have a “hold” rating on the stock. Thirteen analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of C$24.71.
Barrick Gold Corporation (TSE:ABX) is engaged in the production and sale of gold, as well as related activities.
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