RBC Capital analyst Josh Wolfson maintained a Buy rating on Barrick Gold (GOLD) on January 15 and set a price target of $20.00. The company’s shares closed last Monday at $17.95.
According to TipRanks.com, Wolfson is a 4-star analyst with an average return of 7.8% and a 60.9% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Kirkland Lake Gold, and Newmont Mining.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Barrick Gold with a $21.88 average price target, implying a 20.7% upside from current levels. In a report issued on January 15, Credit Suisse also upgraded the stock to Buy with a $22.00 price target.
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Based on Barrick Gold’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $2.28 billion. In comparison, last year the company had a GAAP net loss of $1.2 billion.
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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.
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