Canaccord Genuity Cuts Barrick Gold (TSE:ABX) Price Target to C$18.00

Barrick Gold (TSE:ABX) (NYSE:ABX) had its value goal lowered by equities researchers at Canaccord Genuity from C$19.00 to C$18.00 in a analysis report issued to shoppers and traders on Tuesday, April 23rd, BayStreet.CA studies. Canaccord Genuity’s goal value factors to a possible upside of 11.87% from the corporate’s earlier shut.

A number of different equities analysis analysts have additionally just lately issued studies on ABX. GMP Securities reiterated a “maintain” ranking and issued a C$17.15 value goal on shares of Barrick Gold in a report on Wednesday, February 27th. Desjardins upgraded Barrick Gold from a “maintain” ranking to a “purchase” ranking and set a C$22.00 value goal on the inventory in a report on Wednesday, March 13th. Haywood Securities lifted their value goal on Barrick Gold from C$18.00 to C$19.00 in a report on Thursday, February 14th. Lastly, JPMorgan Chase & Co. lifted their value goal on Barrick Gold from C$17.00 to C$18.00 in a report on Wednesday, January ninth.

TSE:ABX opened at C$16.09 on Tuesday. Barrick Gold has a 52 week low of C$12.54 and a 52 week excessive of C$19.49. The corporate has a debt-to-equity ratio of 61.14, a fast ratio of 1.20 and a present ratio of two.39. The inventory has a market cap of $28.19 billion and a PE ratio of -12.15.

Barrick Gold (TSE:ABX) (NYSE:ABX) final posted its earnings outcomes on Wednesday, February 13th. The fundamental supplies firm reported C$zero.08 EPS for the quarter, lacking the Zacks’ consensus estimate of C$zero.09 by C($zero.01). The agency had income of C$2.52 billion in the course of the quarter, in comparison with analysts’ expectations of C$2.59 billion. As a bunch, analysts count on that Barrick Gold will put up zero.490000001159077 EPS for the present fiscal yr.

Institutional traders and hedge funds have just lately added to or diminished their stakes within the enterprise. First Monetary Corp IN bought a brand new place in Barrick Gold within the 1st quarter value roughly $28,00zero. Legacy Bridge LLC bought a brand new place in Barrick Gold within the 1st quarter value roughly $28,00zero. McIlrath & Eck LLC lifted its stake in Barrick Gold by 624.7% within the 1st quarter. McIlrath & Eck LLC now owns 2,174 shares of the fundamental supplies firm’s inventory value $30,00zero after buying a further 1,874 shares within the final quarter. Cornerstone Advisors Inc. lifted its stake in Barrick Gold by 48.7% within the 1st quarter. Cornerstone Advisors Inc. now owns 2,433 shares of the fundamental supplies firm’s inventory value $33,00zero after buying a further 797 shares within the final quarter. Lastly, Synovus Monetary Corp lifted its stake in Barrick Gold by 152.eight% within the 1st quarter. Synovus Monetary Corp now owns 2,445 shares of the fundamental supplies firm’s inventory value $33,00zero after buying a further 1,478 shares within the final quarter.

Barrick Gold Firm Profile

Barrick Gold Company explores for and develops mineral properties. The corporate primarily explores for gold, copper, and silver deposits. It holds a 50% curiosity within the Veladero, a gold mine situated in Argentina; 50% curiosity within the Kalgoorlie gold mine situated in Australia; 95% curiosity within the Porgera gold mine situated in Papua New Guinea; 50% curiosity within the Zaldívar, a copper mine situated in Chile; and 50% curiosity within the Jabal Sayid copper mine situated in Saudi Arabia.

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