Barrick Gold Corp (NYSE:ABX)‘s stock had its “sector perform” rating reaffirmed by stock analysts at RBC Capital in a report issued on Thursday, Analyst Ratings.Net reports. They currently have a $24.00 price objective on the stock. RBC Capital’s price target suggests a potential upside of 37.06% from the company’s current price.
A number of other analysts have also recently weighed in on ABX. Analysts at Macquarie upgraded shares of Barrick Gold Corp from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday. Separately, analysts at Stifel Nicolaus downgraded shares of Barrick Gold Corp from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, July 9th. They now have a $30.00 price target on the stock. Finally, analysts at Scotiabank cut their price target on shares of Barrick Gold Corp from $23.00 to $18.00 in a research note to investors on Monday, July 8th.
Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $26.61.
Barrick Gold Corp (NYSE: ABX) traded up 1.37% on Thursday, hitting $17.75. Barrick Gold Corp has a 52-week low of $13.43 and a 52-week high of $43.19. The stock’s 50-day moving average is currently $16.79. The company’s market cap is $17.770 billion.
Barrick Gold Corporation (NYSE: ABX) is engaged in the production and sale of gold, as well as related activities.
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