Barrick Gold Corp (TSE:ABX) Rating Maintained

Toronto: In a research report revealed to clients and investors on Friday morning, BMO Capital Markets maintained their Market Perform rating on shares of Barrick Gold Corp (TSE:ABX). They currently have a $18.00 TP on the company. BMO Capital Markets’s target would indicate a potential downside of -13.46 % from the company’s previous stock close.

According to data compiled by Thomson Reuters, Barrick Gold Corp (TSE:ABX)’s stock is covered by 19 equity analysts across the Street, with 1 analysts giving it a Sell rating, 12 a Buy rating, while 6 consider it a Hold. The 12-month consensus target price for the stock is $21.12, which reflects an upside potential of 1.54% over the current price.

Barrick Gold Corp (TSE:ABX) 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.

Barrick Gold Corp (TSE:ABX) traded up 0.10% on 13 October, hitting $20.8. A total of 1.61 million shares of the company’s stock traded hands. This is down from average of 2.38 million shares. Barrick Gold Corp. has a 52 week low of $18.52 and a 52 week high of $27.19. The company has a market cap of $24.26 billion and a P/E ratio of 8.23.

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The post Barrick Gold Corp (TSE:ABX) Stock Rating Maintained by BMO Capital Markets; The $18.00 Target Indicates -13.46 % Potential appeared first on Octafinance.