In a latest note to investors, a research analyst has provided a rating update for the Materials sector company, Barrick Gold (ABX). Analyst Carey MacRury from Canaccord Genuity rated Barrick Gold (ABX) a Hold yesterday, setting a C$19 price target.
According to TipRanks.com, MacRury is a 1-star analyst with an average return of -2.3% and a 40.2% success rate. MacRury covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Newmont Mining Corporation, and Osisko Gold Royalties Ltd.
Barrick Gold has an analyst consensus of Hold, with a price target consensus of C$19, a 10.5% upside from current levels. In a report released yesterday, Desjardins also reiterated a Hold rating on the stock with a C$22 price target.
.
Based on Barrick Gold’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of C$538 million. In comparison, last year the company had a GAAP net loss of C$399 million.
Barrick Gold Corp. engages in the production and sale of gold and copper, as well as related activities such as exploration and mine development. It operates through the following segments: Barrick Nevada, Veladero, Pueblo Viejo, Lagunas Norte, Turquoise Ridge, Acacia, and Pascua-Lama.
The company’s shares closed on Monday at C$17.19.
