Analyst Ratings Coverage
TD Securities (Rank#13) issued a research reported on Monday November 6th, and has given Barrick Gold a “Buy” rating, which typically suggests that the analysts are optimistic about the company’s future prospects.
The analyst also lowered the target price to CAD 30 from $34, which is the price the analysts believe Barrick Gold’s shares could reach in the near future.
National Bank Financial (Rank#15) has given Barrick Gold a “Sector Perform” rating. This rating suggests that the analysts believe the company will perform in line with the overall sector. National Bank Financial has also maintained the 12 month target of CAD 28 per share on Barrick Gold’s stock.
ABX Stock Analysis
- Average Analyst Target Price: Based on the consensus of 12 analysts, the average analyst target price for Barrick Gold Corp is CAD 31.60 over the next 12 months. This target price represents the median expectation among the analysts covering the stock. It suggests that, on average, these analysts believe that Barrick Gold’s stock is undervalued and has the potential to appreciate in value.
- Average Analyst Rating: The average analyst rating for Barrick Gold Corp is reported as “Strong Buy.” This rating indicates that the majority of the analysts covering the stock have a positive outlook and recommend buying Barrick Gold shares. A “Strong Buy” rating typically implies a high level of confidence in the company’s prospects.
- Stock Target Advisor’s Analysis: Stock Target Advisor provides its own analysis of Barrick Gold Corp’s stock. According to their assessment, the stock has a “Slightly Bearish” outlook. This suggests a more cautious stance, but not necessarily a strong bearish sentiment. Their analysis is based on 5 positive signals and 9 negative signals, which might include various technical, fundamental, or market sentiment indicators.
- Current Stock Price and Performance: As of the last closing, Barrick Gold Corp’s stock was trading at CAD 22.54. Over the past week, the stock price has experienced a small decrease of -0.57%. However, it has shown more significant gains over longer periods, with a positive change of +14.36% over the past month and +17.83% over the past year. This indicates that the stock has been on an upward trajectory in the medium to long term.
