A number of other research firms have also issued reports on ABX. Canaccord Genuity decreased their price objective on Barrick Gold from C$30.00 to C$27.50 in a research note on Friday, September 29th. BMO Capital Markets reiterated a market perform rating and set a C$18.00 price objective on shares of Barrick Gold in a research note on Friday, October 13th. CSFB decreased their price objective on Barrick Gold to C$24.00 and set a neutral rating on the stock in a research note on Thursday, October 26th. Royal Bank of Canada lowered Barrick Gold from an outperform rating to a sector perform rating and decreased their price objective for the company from C$21.00 to C$18.00 in a research note on Wednesday, November 1st. Finally, TD Securities decreased their price objective on Barrick Gold to C$22.00 and set a hold rating on the stock in a research note on Monday, November 6th. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of C$22.43.
Barrick Gold (TSE ABX) opened at C$17.54 on Monday. Barrick Gold has a 1 year low of C$17.07 and a 1 year high of C$27.19.
In related news, Director Kelvin Paul Michael Dushnisky bought 56,733 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was bought at an average cost of C$17.97 per share, for a total transaction of C$1,019,492.01. Also, insider Richard James Elton Williams bought 27,302 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were bought at an average price of C$17.97 per share, with a total value of C$490,616.94.
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Barrick Gold 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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