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Barrick Gold (ABX) Receives a Hold from Canaccord Genuity


Today, an 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, setting a C$17.50 price target.

According to TipRanks.com, MacRury is ranked 0 out of 5 stars with an average return of -13.9% and a 12.7% success rate. MacRury covers the Basic Materials sector, focusing on stocks such as Newmont Mining Corporation, Osisko Gold Royalties Ltd, and Teranga Gold Corporation.

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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Barrick Gold with a C$17.50 average price target, representing a 1.7% upside. In a report issued on October 29, UBS also maintained a Hold rating on the stock.

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The company has a one-year high of C$19.49 and a one-year low of C$12.54. Currently, Barrick Gold has an average volume of 3.57M.

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 Thursday at C$17.20.