Barrick Gold Corporation (USA) (NYSE:ABX) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 17, 2016
Zacks Investment Research has downgraded Barrick Gold Corporation (USA) (NYSE:ABX) to Hold in a statement released on 10/17/2016.
On 10/14/2016, Zacks Investment Research released a statement on Barrick Gold Corporation (USA) (NYSE:ABX) bumped up the target price from $0.00 to $18.00 that suggested an upside of 0.14%.
Boasting a price of $15.69, Barrick Gold Corporation (USA) (NYSE:ABX) traded 1.82% higher on the day. With the last close down -13.91% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Barrick Gold Corporation (USA) has recorded a 50-day average of $17.31 and a two hundred day average of $18.56. Volume of trade was down over the average, with 4,609,143 shares of ABX changing hands under the typical 15,933,800
With a total market value of $0, Barrick Gold Corporation (USA) has with a one year low of $6.90 and a one year high of $23.47 .
A total of 21 analysts have released a research note on ABX. Two analysts rating the company a strong buy, eight analysts rating the company a buy, fourteen analysts rating the company a hold, two analysts rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $19.50.
More About Barrick Gold Corporation (USA) (NYSE:ABX)
Barrick Gold Corporation (Barrick) is engaged in the production and sale of gold, as well as related activities, such as exploration and mine development. The Company produces copper, principally from its Zaldivar joint venture and Lumwana mine, and holds other interests. Barricks' segments include Cortez, Goldstrike, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Porgera, Kalgoorlie, Acacia Mining plc, Lumwana, Zaldivar and Pascua-Lama Project. Its material properties include Cortez Property, Goldstrike Property, Pueblo Viejo Mine, Lagunas Norte Mine and Veladero Mine. The Company's gold mines include Bulyanhulu, Buzwagi, North Mara, Kalgoorlie, Porgera, Williams Mine, Goldstrike Open Pit, Goldstrike Underground, South Arturo, Round Mountain, Bald Mountain, Cortez, Golden Sunlight, Turquoise Ridge, Pueblo Viejo, Lagunas Norte, Pascua-Lama, Cerro Casale and Veladero. Its copper mines include Zaldivar, Lumwana and Jabal Sayid.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.