Analyst Ratings Coverage
Today’s updated coverage on analyst ratings for Barrick Gold:
- TD Securities: TD Securities maintains its “Buy” rating on Barrick Gold with a target price of CAD 28. This suggests that TD Securities believes Barrick Gold’s stock is currently undervalued and has the potential for significant growth. The “Buy” rating indicates a positive outlook on the company’s performance and prospects.
- Raymond James: Raymond James lowered its target price for Barrick Gold to CAD 24 while maintaining its rating. This adjustment in target price may indicate a reassessment of Barrick Gold’s valuation or outlook by Raymond James. Despite the target price decrease, maintaining the rating suggests that Raymond James still views Barrick Gold favorably, albeit with potentially adjusted expectations.
ABX Stock Forecast
- Analyst Target Price: The average analyst target price for Barrick Gold Corp over the next 12 months is CAD 30.45. This figure is derived from forecasts provided by 13 analysts who cover the stock. Analyst target prices are often considered by investors as a benchmark for assessing the potential future performance and valuation of a company’s stock.
- Analyst Rating: The average analyst rating for Barrick Gold Corp is Strong Buy. This indicates a consensus among analysts that Barrick Gold Corp’s stock is expected to outperform the market and deliver strong returns over the specified period.
- Stock Target Advisor Analysis: Stock Target Advisor’s own analysis of Barrick Gold Corp suggests a Slightly Bearish outlook. This assessment is based on a combination of positive and negative signals derived from various factors, including technical indicators, fundamental analysis, and market sentiment. Despite the overall slightly bearish outlook, it’s important to note that this analysis incorporates a mix of positive and negative signals, indicating a nuanced view of the stock’s potential performance.
- Current Stock Price: At the last closing, Barrick Gold Corp’s stock price was CAD 19.66. This figure represents the market value of Barrick Gold Corp’s shares as determined by recent trading activity on the stock market.
- Price Performance: Barrick Gold Corp’s stock price has experienced fluctuations over different time periods. Over the past week, the stock price decreased by -1.45%. Over the past month, the stock price declined by -16.80%. Looking back over the last year, the stock price decreased by -13.77%. These figures reflect the volatility and overall downward trend in Barrick Gold Corp’s stock price over recent periods.
The data indicates a positive outlook among analysts regarding Barrick Gold Corp’s long-term prospects, as evidenced by the Strong Buy rating and the average target price exceeding the current stock price. However, recent price performance suggests short to medium-term challenges and volatility in the market, as indicated by Stock Target Advisor’s slightly bearish outlook and the stock’s recent declines. Investors may consider these factors alongside their own investment goals and risk tolerance when making decisions regarding Barrick Gold Corp’s stock.
