In a report released yesterday, Chris LaFemina from Jefferies reiterated a Hold rating on Barrick Gold (ABX), with a price target of $14. The company’s shares closed yesterday at $14.02.
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.
Barrick Gold has an analyst consensus of Hold, with a price target consensus of $15, which is a 7.0% upside from current levels. In a report issued on November 30, Desjardins also reiterated a Hold rating on the stock.
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Based on Barrick Gold’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $412 million. In comparison, last year the company had a GAAP net loss of $11 million.
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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.
