Barrick Gold (ABX), the Materials sector company, has received a rating update from a Wall Street analyst on June 24. Analyst Carey MacRury from Canaccord Genuity rated Barrick Gold (ABX) a Hold on June 24, setting a C$19.50 price target.
According to TipRanks.com, MacRury is a 5-star analyst with an average return of 11.9% and a 70.7% success rate. MacRury covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Osisko Gold Royalties Ltd, and Barrick 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$19 average price target.
Barrick Gold’s market cap is currently C$36.46B and has a P/E ratio of 0. The company has a Price to Book ratio of 1.75.
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$20.26, close to its 52-week high of C$21.67.
