The Materials sector company, Barrick Gold (ABX), has received a rating update from a Wall Street analyst today. Analyst Josh Wolfson from Desjardins reiterated a Hold rating, with a C$22 price target.
According to TipRanks.com, Wolfson is a 2-star analyst with an average return of 0.0% and a 48.2% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Randgold Resources Limited, and Osisko Gold Royalties Ltd.
The word on The Street in general, suggests a Hold analyst consensus rating for Barrick Gold with a C$17.67 average price target.
Barrick Gold’s market cap is currently C$20.49B and has a P/E ratio of 0. The company has a Price to Book ratio of 1.78.
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.
