Barrick Gold Corp. Has Another Very Weak Trading Session

 Barrick Gold Corp. Has Another Very Weak Trading Session

The stock of Barrick Gold Corp. (TSE:ABX) is a huge mover today! About 682,927 shares traded hands. Barrick Gold Corp. (TSE:ABX) has risen 0.98% since April 25, 2016 and is uptrending. It has underperformed by 4.28% the S&P500.
The move comes after 6 months negative chart setup for the $24.57B company. It was reported on Nov, 29 by Barchart.com. We have $19.40 PT which if reached, will make TSE:ABX worth $1.23B 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 -5.19% below today’s ($20.42) stock price. Barrick Gold Corp. has been the topic of 21 analyst reports since July 24, 2015 according to StockzIntelligence Inc. On Thursday, August 11 the stock rating was maintained by TD Securities with “Buy”. The stock of Barrick Gold Corp. (TSE:ABX) earned “Sector Perform” rating by RBC Capital Markets on Friday, December 4. The rating was maintained by RBC Capital Markets with “Sector Perform” on Friday, September 2. The stock of Barrick Gold Corp. (TSE:ABX) earned “Neutral” rating by JP Morgan on Thursday, February 4. The company was initiated on Friday, July 24 by IBC. The rating was maintained by RBC Capital Markets on Monday, October 26 with “Outperform”. The stock of Barrick Gold Corp. (TSE:ABX) earned “Sector Perform” rating by RBC Capital Markets on Tuesday, February 23. The rating was upgraded by Canaccord Genuity on Friday, July 31 to “Hold”. The firm has “Sector Perform” rating given on Tuesday, October 25 by RBC Capital Markets. TD Securities maintained the stock with “Buy” rating in Friday, July 22 report.

More notable recent Barrick Gold Corp. (TSE:ABX) news were published by: Foxbusiness.com which released: “Is Barrick Gold Corporation About to Seal a Golden Deal?” on November 28, 2016, also Fool.com with their article: “3 Things Barrick Gold Corporation Wants You to Know About Its Strategic Goals” published on November 21, 2016, Fool.ca published: “Barrick Gold Corp.: Is the Sell-Off a Golden Opportunity to Buy?” on November 25, 2016. More interesting news about Barrick Gold Corp. (TSE:ABX) were released by: Investorplace.com and their article: “Why Barrick Gold Corporation (USA) (ABX), Sturm Ruger & Company Inc (RGR) and …” published on November 10, 2016 as well as Fool.ca‘s news article titled: “Barrick Gold Corp.: Should You Buy This Stock on the Pullback?” with publication date: November 08, 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 $24.57 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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