Deutsche Bank upgraded Barrick Gold (NYSE:ABX) from Hold to Buy in a report released today.
- Updated: October 3, 2016
Having a price of $17.72, Barrick Gold (NYSE:ABX) traded -2.31% lower on the day. With the last stock price close down -6.29% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. ABX has recorded a 50-day average of $18.60 and a two hundred day average of $18.47. Trade Volume was down over the average, with 7,699,990 shares of ABX changing hands under the typical 16,901,100
Deutsche Bank has upgraded Barrick Gold (NYSE:ABX) from Hold to Buy in a report released on 10/3/2016.
Previously on 9/28/2016, Zacks Investment Research released a statement on Barrick Gold (NYSE:ABX) increased the target price from $0.00 to $20.00. At the time, this suggested an upside of 0.15%.
With a total market value of $0, Barrick Gold has 52 week low of $6.61 and a 52 week high of $23.47 .
In addition to Deutsche Bank reporting its price target, a total of 21 brokers have issued a report on the company. The average stock price target is $19.50 with 2 firms rating the company a strong buy, eight equity analysts rating the company a buy, 14 firms rating the stock a hold, 2 brokers rating the stock a underperform, and finally zero equity analysts rating the stock a sell.
About Barrick Gold (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.
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