RBC Capital Keeps a Buy Rating on Barrick Gold (GOLD)

RBC Capital analyst Josh Wolfson maintained a Buy rating on Barrick Gold (GOLD) on February 22 and set a price target of $30.00. The company’s shares closed last Tuesday at $20.16.

According to TipRanks.com, Wolfson is a 1-star analyst with an average return of -2.7% and a 45.6% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Osisko Gold Royalties, and Kirkland Lake Gold.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Barrick Gold with a $31.37 average price target, a 52.9% 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 20.03M.

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.

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