Barrick Gold Corp (ABX) Receives “Hold” Rating from TD Securities

Barrick Gold Corp (TSE:ABX) (NYSE:ABX)‘s stock had its “hold” rating reissued by investment analysts at TD Securities in a note issued to investors on Friday, StockTargetPrices.com reports. They presently have a C$27.00 target price on the stock. TD Securities’ price target suggests a potential upside of 4.41% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on the company. Canaccord Genuity upped their price target on Barrick Gold Corp from C$28.00 to C$29.00 in a report on Friday, February 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Barrick Gold Corp in a report on Thursday, December 15th. Barclays PLC reduced their price target on Barrick Gold Corp from C$21.00 to C$20.00 in a report on Tuesday, January 10th. Scotiabank reaffirmed a “sector perform” rating and issued a C$19.00 price target on shares of Barrick Gold Corp in a report on Thursday, January 26th. Finally, BMO Capital Markets increased their target price on Barrick Gold Corp from C$20.00 to C$22.00 and gave the company an “outperform” rating in a report on Thursday, February 16th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of C$26.14.

Analyst Recommendations for Barrick Gold Corp (TSE:ABX)

Barrick Gold Corp (TSE:ABX) traded up 0.46% on Friday, reaching $25.98. The company’s stock had a trading volume of 1,458,574 shares. Barrick Gold Corp has a 1-year low of $18.52 and a 1-year high of $30.44. The firm’s 50 day moving average price is $25.41 and its 200-day moving average price is $23.10. The company has a market capitalization of $30.28 billion and a price-to-earnings ratio of 46.39.

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In related news, insider Mark Francis Hill purchased 9,453 shares of the company’s stock in a transaction dated Wednesday, March 1st. The stock was acquired at an average cost of C$24.58 per share, for a total transaction of C$232,354.74. Also, Director John Lawson Thornton purchased 26,750 shares of the company’s stock in a transaction dated Thursday, March 16th. The stock was bought at an average price of C$19.01 per share, with a total value of C$508,517.50.

Barrick Gold Corp Company Profile

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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