ZM: Barrick Gold Corp Rating Increased to Buy at Mackie
Barrick Gold Corp (NYSE: ABX) was upgraded by equities research analysts at Mackie to a “buy” rating in a research note issued to investors on Friday, AnalystRatingsNetwork reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank cut their price target on shares of Barrick Gold Corp from $46.00 to $40.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Barrick Gold Corp in a research note to investors on Thursday. They now have a $38.00 price target on the stock, down previously from $40.00. Finally, analysts at RBC Capital cut their price target on shares of Barrick Gold Corp from $37.00 to $32.00 in a research note to investors on Thursday. They now have a “sector perform” rating on the stock.
One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company’s stock. Barrick Gold Corp currently has a consensus rating of “Hold” and an average target price of $40.92.
Barrick Gold Corp (NYSE: ABX) opened at 24.73 on Friday. Barrick Gold Corp has a 1-year low of $24.26 and a 1-year high of $43.30. The stock’s 50-day moving average is currently $28.73. The company’s market cap is $24.758 billion.
Barrick Gold Corp (NYSE: ABX) last issued its quarterly earnings data on Thursday, February 14th. The company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.05. The company had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $3.90 billion. During the same quarter in the previous year, the company posted $1.17 earnings per share. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. On average, analysts predict that Barrick Gold Corp will post $4.12 earnings per share for the current fiscal year.
Barrick Gold Corporation (NYSE: ABX) is engaged in the production and sale of gold, as well as related activities.
