What’s Next for Barrick Gold Corp. After Today’s Huge Increase?

 What's Next for Barrick Gold Corp. After Today's Huge Increase?

The stock of Barrick Gold Corp. (TSE:ABX) is a huge mover today! About 952,070 shares traded hands. Barrick Gold Corp. (TSE:ABX) has risen 37.80% since April 1, 2016 and is uptrending. It has outperformed by 35.84% the S&P500.
The move comes after 9 months positive chart setup for the $25.69B company. It was reported on Nov, 8 by Barchart.com. We have $37.46 PT which if reached, will make TSE:ABX worth $15.67 billion more.

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 -16.80% below today’s ($23.27) stock price. Barrick Gold Corp. has been the topic of 21 analyst reports since July 24, 2015 according to StockzIntelligence Inc. TD Securities maintained Barrick Gold Corp. (TSE:ABX) on Friday, July 22 with “Buy” rating. RBC Capital Markets maintained the stock with “Sector Perform” rating in Friday, January 22 report. The stock of Barrick Gold Corp. (TSE:ABX) has “Neutral” rating given on Thursday, February 4 by JP Morgan. As per Monday, October 26, the company rating was maintained by RBC Capital Markets. The company was maintained on Friday, September 2 by RBC Capital Markets. The firm earned “Hold” rating on Friday, July 31 by Canaccord Genuity. RBC Capital Markets maintained the stock with “Sector Perform” rating in Tuesday, February 23 report. TD Securities maintained the shares of ABX in a report on Thursday, August 11 with “Buy” rating. As per Friday, July 24, the company rating was initiated by IBC. On Tuesday, October 25 the stock rating was maintained by RBC Capital Markets with “Sector Perform”.

More notable recent Barrick Gold Corp. (TSE:ABX) news were published by: Investorplace.com which released: “Why EarthLink Holdings Corp. (ELNK), GoPro Inc (GPRO) and Barrick Gold …” on November 07, 2016, also Fool.ca with their article: “Barrick Gold Corp.: Should You Buy This Stock on the Pullback?” published on November 08, 2016, Fool.com published: “Barrick Gold Corporation Q3 Report Leaves No Question Unanswered” on October 27, 2016. More interesting news about Barrick Gold Corp. (TSE:ABX) were released by: Fool.ca and their article: “Barrick Gold Corp. or Kinross Gold Corporation: Which Is the Better Buy Right Now?” published on October 18, 2016 as well as Fool.ca‘s news article titled: “Is it Time to Reconsider Barrick Gold Corp.?” with publication date: October 21, 2016.

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 $25.69 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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