Barrick Gold Corp. (TSE:ABX) Receives C$22.32 Consensus Target Price from Brokerages

Barrick Gold Corp. (TSE:ABX) has been given a consensus rating of “Buy” by the eight brokerages that are presently covering the firm. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$22.32.

A number of analysts have recently weighed in on the company. Royal Bank Of Canada reissued a “sector perform” rating on shares of Barrick Gold Corp. in a research note on Friday, September 2nd. TD Securities reissued a “buy” rating and set a C$26.00 price objective on shares of Barrick Gold Corp. in a research note on Wednesday, August 10th. Finally, Canaccord Genuity increased their price objective on Barrick Gold Corp. from C$33.00 to C$34.00 and gave the company a “buy” rating in a research note on Monday, August 8th.

Barrick Gold Corp. (TSE:ABX) opened at 23.58 on Tuesday. The company’s market capitalization is $27.48 billion. The firm’s 50-day moving average price is $24.38 and its 200 day moving average price is $23.88. Barrick Gold Corp. has a 52 week low of $8.50 and a 52 week high of $30.45.

Barrick Gold Corp. Company Profile

Barrick Gold Corporation (Barrick) is engaged in the production and sale of gold, as well as related activities, such as exploration and mine development. The Company produces copper, principally from its Zaldivar joint venture and Lumwana mine, and holds other interests. Barricks’ segments include Cortez, Goldstrike, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Porgera, Kalgoorlie, Acacia Mining plc, Lumwana, Zaldivar and Pascua-Lama Project.

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