Analysts take a look at Barrick Gold Corporation (NYSE:ABX) having this to say.

October 11, 2018 - By Clifton Ray

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Barrick Gold Corporation (NYSE:ABX) Ratings Coverage

Among 7 analysts covering Barrick Gold Corporation Common Stock (NYSE:ABX), 2 have Buy rating, 1 Sell and 4 Hold. Therefore 29% are positive. Barrick Gold Corporation Common Stock had 8 analyst reports since April 23, 2018 according to SRatingsIntel. The firm has “Hold” rating given on Monday, April 23 by Canaccord Genuity. Jefferies downgraded it to “Hold” rating and $11 target in Monday, August 6 report. As per Tuesday, June 12, the company rating was downgraded by Morgan Stanley. Citigroup upgraded Barrick Gold Corporation (NYSE:ABX) rating on Tuesday, September 25. Citigroup has “Buy” rating and $14 target. The stock of Barrick Gold Corporation (NYSE:ABX) earned “Neutral” rating by Citigroup on Wednesday, August 29. The rating was maintained by JP Morgan with “Neutral” on Monday, September 17. The company was upgraded on Tuesday, September 25 by TD Securities. RBC Capital Markets downgraded the shares of ABX in report on Monday, July 30 to “Sector Perform” rating. Below is a list of Barrick Gold Corporation (NYSE:ABX) latest ratings and price target changes.

25/09/2018 Broker: TD Securities Old Rating: Hold New Rating: Buy Upgrade
25/09/2018 Broker: Citigroup Old Rating: Neutral New Rating: Buy New Target: $14 Upgrade
17/09/2018 Broker: JP Morgan Old Rating: Neutral New Rating: Neutral Old Target: $15.5 New Target: $13 Maintain
29/08/2018 Broker: Citigroup Old Rating: Sell New Rating: Neutral Old Target: $11 Upgrade
06/08/2018 Broker: Jefferies Old Rating: Buy New Rating: Hold Old Target: $17 New Target: $11 Downgrade
30/07/2018 Broker: RBC Capital Markets Old Rating: Outperform New Rating: Sector Perform Downgrade
12/06/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Underweight Old Target: $15 Downgrade
23/04/2018 Broker: Canaccord Genuity Old Rating: Buy New Rating: Hold Downgrade

The stock increased 3.83% or $0.44 during the last trading session, reaching $11.94. About 9.29 million shares traded. Barrick Gold Corporation (NYSE:ABX) has declined 42.17% since October 11, 2017 and is downtrending. It has underperformed by 57.79% the S&P500.

Barrick Gold Corporation engages in the exploration and development of mineral properties in the United States, Canada, Australia, Argentina, Chile, Peru, the Dominican Republic, Papua New Guinea, Tanzania, Zambia, and Saudi Arabia. The company has market cap of $13.93 billion. It primarily explores for gold, copper, and nickel deposits. It currently has negative earnings. The companyÂ’s principal properties include Cortez, Goldstrike, Pueblo Viejo, Lagunas Norte, and Veladero.

More important recent Barrick Gold Corporation (NYSE:ABX) news were published by: Twst.com which released: “Barrick Gold Corporation: Preliminary Third Quarter Production Results” on October 11, 2018, also Seekingalpha.com published article titled: “Barrick Needed Randgold, But Overpaid”, Streetinsider.com published: “Barrick Gold (ABX) Reports Preliminary Q3 Production Results” on October 10, 2018. More interesting news about Barrick Gold Corporation (NYSE:ABX) was released by: 247Wallst.com and their article: “Is There Gold in the Merger of Barrick, Randgold?” with publication date: September 24, 2018.

Barrick Gold Corporation (NYSE:ABX) Ratings Chart

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