Barrick Gold (GOLD) Receives a Buy from Fundamental Research
Fundamental Research analyst Siddharth Rajeev maintained a Buy rating on Barrick Gold (GOLD) on February 19 and set a price target of $28.00. The company’s shares closed last Wednesday at $20.17.
According to TipRanks.com, Rajeev is a 3-star analyst with an average return of 5.4% and a 36.9% success rate. Rajeev covers the Basic Materials sector, focusing on stocks such as THC Biomed INTL, Newmont Mining, and Caldas Gold.
Currently, the analyst consensus on Barrick Gold is a Strong Buy with an average price target of $31.03, which is a 55.4% upside from current levels. In a report issued on February 8, Stifel Nicolaus also maintained a Buy rating on the stock with a C$43.25 price target.
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The company has a one-year high of $31.22 and a one-year low of $12.65. Currently, Barrick Gold has an average volume of 19.95M.
Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is neutral on the stock.
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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. The company was founded by Peter D. Munk in 1983 and is headquartered in Toronto, Canada.