Brokerage Firm Rating on Barrick Gold Corporation (ABX)

Barrick Gold Corporation (ABX) : 16 analysts are covering Barrick Gold Corporation (ABX) and their average rating on the stock is 2.63, which is read as a Hold. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 11 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Barrick Gold Corporation (ABX) stock is expected to deviate a maximum of $4.88 from the average target price of $21.16 for the short term period. 13 Street Experts have initiated coverage on the stock with the most promising target being $28 and the most muted being $11.


Company shares have received an average consensus rating of Hold for the current week Barrick Gold Corporation (NYSE:ABX): The stock opened at $21.74 on Thursday but the bulls could not build on the opening and the stock topped out at $22.09 for the day. The stock traded down to $21.63 during the day, due to lack of any buying support eventually closed down at $21.74 with a loss of -0.14% for the day. The stock had closed at $21.77 on the previous day. The total traded volume was 10,017,479 shares.

Barrick Gold Corporation (Barrick) is a gold mining company. The Company is engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. The Company operates in segments: eight individual gold mines, Acacia and Pascua-Lama project. The remaining operating segments have been grouped into two other categories: its remaining gold mines and its two copper mines. The Company sells its production in the world market through the distribution channels: gold bullion is sold in the gold spot market; gold and copper concentrate is sold to independent smelting companies, and copper cathode is sold to various manufacturers and traders. The Company has 14 producing gold mines, located in Canada, the United States, Peru, Argentina, Australia, the Dominican Republic and Papua New Guinea. It also holds a 63.9% equity interest in Acacia Mining plc (Acacia) that owns gold mines and exploration properties in Africa.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.