A Wall Street analyst has provided a rating update for the Materials sector company today, while remaining neutral on the stock. Analyst Steven Butler from GMP FirstEnergy remains neutral on Barrick Gold (ABX) and has a C$17.75 price target.
According to TipRanks.com, Butler is ranked 0 out of 5 stars with an average return of -7.4% and a 34.7% success rate. Butler covers the Basic Materials sector, focusing on stocks such as Barrick Gold Corporation, Eldorado Gold Corp, and Agnico Eagle.
Currently, the analyst consensus on Barrick Gold is a Moderate Buy with an average price target of C$18.55.
The company has a one-year high of C$18.99 and a one-year low of C$12.54. Currently, Barrick Gold has an average volume of 5.45M.
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 Tuesday at C$17.35.
