According to The Fly, in a latest note to investors, a research analyst has provided a rating update for the Materials sector company, Barrick Gold (ABX). The company recieved Hold rating from Jefferies’ analyst Chris LaFemina.
According to TipRanks.com, LaFemina is a 1-star analyst with an average return of -4.5% and a 43.5% success rate. LaFemina covers the Basic Materials sector, focusing on stocks such as Peabody Energy Corporation Comm, Newmont Mining Corporation, and CONSOL Coal Resources LP.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Barrick Gold with a C$17.67 average price target, a -5.8% downside from current levels. In a report issued on November 30, Desjardins also reiterated a Hold rating on the stock with a C$18 price target.
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Barrick Gold’s market cap is currently C$21.27B and has a P/E ratio of 0. The company has a Price to Book ratio of 1.90.
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 Wednesday at C$18.75, close to its 52-week high of C$19.49.
