Barrick Gold Corp (TSE:ABX) (NYSE:ABX) had its price target dropped by analysts at TD Securities to C$22.00 in a research note issued to investors on Monday, November 6th, StockTargetPrices.com reports. The firm presently has a “hold” rating on the stock. TD Securities’ price target would suggest a potential upside of 22.49% from the stock’s previous close.
Several other equities analysts have also recently weighed in on the company. Canaccord Genuity dropped their price objective on Barrick Gold Corp from C$27.50 to C$25.00 and set a “buy” rating on the stock in a research note on Friday, October 20th. BMO Capital Markets restated a “market perform” rating and set a C$18.00 price objective on shares of Barrick Gold Corp in a research note on Friday, October 13th. CSFB dropped their price objective on Barrick Gold Corp to C$24.00 and set a “neutral” rating on the stock in a research note on Thursday, October 26th. Finally, Royal Bank Of Canada cut Barrick Gold Corp from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from C$21.00 to C$18.00 in a research note on Wednesday, November 1st. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Barrick Gold Corp has an average rating of “Hold” and an average target price of C$22.43.
Barrick Gold Corp (TSE:ABX) opened at C$17.96 on Monday. Barrick Gold Corp has a 52 week low of C$17.61 and a 52 week high of C$27.19.
About Barrick Gold Corp
Barrick Gold Corporation (Barrick) is a gold mining company. The Company is principally engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. The Company’s segments include Goldstrike, Cortez, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Acacia Mining plc (Acacia), Pascua-Lama and Other Mines.
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