Is Barrick Gold Corp. a Sell? The Stock Declines Again

 Is Barrick Gold Corp. a Sell? The Stock Declines Again

The stock of Barrick Gold Corp. (TSE:ABX) is a huge mover today! About 1.21M shares traded hands. Barrick Gold Corp. (TSE:ABX) has risen 39.00% since March 31, 2016 and is uptrending. It has outperformed by 37.91% the S&P500.
The move comes after 6 months negative chart setup for the $29.26B company. It was reported on Nov, 4 by Barchart.com. We have $22.24 PT which if reached, will make TSE:ABX worth $2.63 billion less.

Barrick Gold Corp. (TSE:ABX) Ratings Coverage

Out of 7 analysts covering Barrick Gold Corp. (TSE:ABX), 4 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 57% are positive. $29 is the highest target while $9 is the lowest. The $19.36 average target is -20.79% below today’s ($24.44) stock price. Barrick Gold Corp. has been the topic of 21 analyst reports since July 24, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the stock with “Sector Perform” rating in Friday, January 22 report. The rating was maintained by RBC Capital Markets on Monday, October 26 with “Outperform”. The stock has “Buy” rating given by TD Securities on Friday, July 22. The rating was maintained by RBC Capital Markets on Friday, September 2 with “Sector Perform”. The company was initiated on Friday, July 24 by IBC. As per Tuesday, October 25, the company rating was maintained by RBC Capital Markets. The stock of Barrick Gold Corp. (TSE:ABX) has “Hold” rating given on Friday, July 31 by Canaccord Genuity. The stock of Barrick Gold Corp. (TSE:ABX) earned “Sector Perform” rating by RBC Capital Markets on Tuesday, February 23. On Friday, December 4 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The stock has “Neutral” rating given by JP Morgan on Thursday, February 4.

Barrick Gold Corporation is engaged in the production and sale of gold, as well as related activities, such as exploration and mine development. The company has a market cap of $29.26 billion. The Firm produces copper, principally from its Zaldivar joint venture and Lumwana mine, and holds other interests. It currently has negative earnings. Barricks’ divisions include Cortez, Goldstrike, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Porgera, Kalgoorlie, Acacia Mining plc, Lumwana, Zaldivar and Pascua-Lama Project.

ABX.TO Company Profile

Barrick Gold Corporation (Barrick), incorporated on March 10, 1995, is engaged in the production and sale of gold, as well as related activities, such as exploration and mine development. The Firm produces copper, principally from its Zaldivar joint venture and Lumwana mine, and holds other interests. The Company’s divisions include Cortez, Goldstrike, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Porgera, Kalgoorlie, Acacia Mining plc (Acacia), Lumwana, Zaldivar and Pascua-Lama Project.

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