Barrick Gold’s (ABX) Hold Rating Reiterated at Desjardins

Barrick Gold (TSE:ABX) (NYSE:ABX)‘s stock had its “hold” rating restated by analysts at Desjardins in a research report issued to clients and investors on Monday.

A number of other research analysts have also issued reports on the stock. Eight Capital reiterated a “neutral” rating on shares of Barrick Gold in a research note on Thursday, November 16th. TD Securities lowered their target price 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. Royal Bank Of Canada lowered shares of Barrick Gold from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from C$21.00 to C$18.00 in a research report on Wednesday, November 1st. CSFB lowered their price target on shares of Barrick Gold to C$24.00 and set a “neutral” rating on the stock in a research report on Thursday, October 26th. Finally, Canaccord Genuity lowered their price target on shares of Barrick Gold from C$27.50 to C$25.00 and set a “buy” rating on the stock in a research report on Friday, October 20th. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of C$22.43.

Shares of Barrick Gold (TSE:ABX) remained flat at $C$17.57 during trading on Monday. The stock had a trading volume of 1,942,660 shares, compared to its average volume of 3,022,819. Barrick Gold has a 12-month low of C$17.07 and a 12-month high of C$27.19.

In other news, insider Richard James Elton Williams purchased 27,302 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The stock was acquired at an average cost of C$17.97 per share, with a total value of C$490,616.94. Also, Director Kelvin Paul Michael Dushnisky purchased 56,733 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The shares were purchased at an average cost of C$17.97 per share, with a total value of C$1,019,492.01.

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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.

Analyst Recommendations for Barrick Gold (TSE:ABX)

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