Barrick Gold Corp. Just Recorded A Sigfniciant Decline

 Barrick Gold Corp. Just Recorded A Sigfniciant Decline

The stock of Barrick Gold Corp. (TSE:ABX) is a huge mover today! About 1.69 million shares traded hands. Barrick Gold Corp. (TSE:ABX) has risen 1.57% since April 8, 2016 and is uptrending. It has underperformed by 3.41% the S&P500.
The move comes after 7 months negative chart setup for the $19.41B company. It was reported on Nov, 14 by Barchart.com. We have $17.81 PT which if reached, will make TSE:ABX worth $1.36 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 1.10% above today’s ($19.15) stock price. Barrick Gold Corp. has been the topic of 21 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The company was initiated on Friday, July 24 by IBC. The rating was maintained by RBC Capital Markets on Friday, December 4 with “Sector Perform”. The stock of Barrick Gold Corp. (TSE:ABX) has “Neutral” rating given on Thursday, February 4 by JP Morgan. The stock has “Buy” rating given by TD Securities on Thursday, August 11. The firm earned “Sector Perform” rating on Tuesday, February 23 by RBC Capital Markets. The firm has “Outperform” rating by RBC Capital Markets given on Monday, October 26. The company was maintained on Friday, January 22 by RBC Capital Markets. The stock has “Buy” rating given by TD Securities on Friday, July 22. The stock has “Sector Perform” rating given by RBC Capital Markets on Friday, September 2. The stock of Barrick Gold Corp. (TSE:ABX) has “Sector Perform” rating given on Tuesday, October 25 by RBC Capital Markets.

More notable recent Barrick Gold Corp. (TSE:ABX) news were published by: Investorplace.com which released: “Why Barrick Gold Corporation (USA) (ABX), Sturm Ruger & Company Inc (RGR) and …” on November 10, 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: “Contrarian Investors: Should You Pick Up Shares of Barrick Gold Corp.?” with publication date: October 31, 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 $19.41 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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