Canaccord Genuity Boosts Barrick Gold (TSE:ABX) Price Target to C$27.00

Barrick Gold (TSE:ABX) (NYSE:ABX) had its price objective boosted by Canaccord Genuity from C$24.50 to C$27.00 in a research note issued to investors on Friday, January 19th.

ABX has been the subject of several other reports. Eight Capital restated a neutral rating on shares of Barrick Gold in a report on Thursday, November 16th. Desjardins reiterated a hold rating on shares of Barrick Gold in a research note on Monday, December 11th. Royal Bank of Canada lowered shares of Barrick Gold from an outperform rating to a sector perform rating and dropped their price target for the company from C$21.00 to C$18.00 in a research report on Wednesday, November 1st. BMO Capital Markets reissued a market perform rating and issued a C$18.00 price target on shares of Barrick Gold in a research report on Friday, October 13th. Finally, TD Securities dropped their price target on shares of Barrick Gold to C$22.00 and set a hold rating on the stock in a research report on Monday, November 6th. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of Hold and an average price target of C$22.67.

Barrick Gold (TSE:ABX) traded up C$0.50 during trading on Friday, hitting C$17.14. 4,135,228 shares of the stock traded hands, compared to its average volume of 3,132,324. The stock has a market capitalization of $19,990.00, a P/E ratio of 7.29 and a beta of -0.82. Barrick Gold has a 1-year low of C$15.90 and a 1-year high of C$27.19.

In other Barrick Gold news, insider Richard James Elton Williams bought 27,302 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were bought at an average cost of C$17.97 per share, for a total transaction of C$490,616.94. Also, Director Kelvin Paul Michael Dushnisky bought 56,733 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were acquired at an average price of C$17.97 per share, for a total transaction of C$1,019,492.01. Insiders bought a total of 91,535 shares of company stock worth $1,617,559 in the last 90 days.

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About Barrick Gold

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.

Analyst Recommendations for Barrick Gold (TSE:ABX)

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