After Today’s Huge Decline, Is Barrick Gold Corp.’s Near-Term Analysis Negative?


The most recent price of this stock was traded downward -79.28% to the 52-week high of $9.70 and it is higher +615.30% to its 52-week low of $0.28. Barrick Gold Corp. was the topic in 34 analyst reports since August 6, 2015 according to StockzIntelligence Inc.

(NYSE:CRC)’s current price is trading lower-12.90% to its SMA200 of $2.31 and up+42.35% to its SMA50 of $1.41.

Barrick Gold Corporation produces and sells gold and copper. The stock was last trading at $4.645 on volume of 1027514.

Out of 23 analysts covering Barrick Gold Corp. While its ratings have remained more or less constant since the start of 2016, its target price was revised upward 25% to $28.64.

03/29/2016 – Barrick Gold Corporation had its “buy” rating reiterated by analysts at Canaccord Genuity.

JPMorgan Chase (JPM) reiterated its “neutral” rating on Newmont Mining (NEM) on April 6. The stock price has run up must faster than changes in estimates. This stock, however, has seen the largest upward revision among its peers for its target price since the beginning of 2016 at 61% to $14.50. The book value is $3.392 whereas the price-to-book value is 1.350. Argus Research upgraded the shares of ABX in a report on March 15 to “Buy” rating.

CIBC raised AUY’s target price on April 11 while maintaining its “sector perform” rating.

03/04/2016 – Barrick Gold Corporation had its “buy” rating reiterated by analysts at Goldman Sachs. So far, It has market capitalization around $779.55M.

02/19/2016 – Barrick Gold Corporation had its “buy” rating reiterated by analysts at Haywood Securities. (NYSE:SLW) share price closed at $19.05. The company has a 50 day moving average of $4.44 and a 200 day moving average of $3.27. Finally, Clarkson Capital initiated the stock with “Neutral” rating in a February 16 report.

Kinross Gold Corporation (USA) (KGC) on April 18, 2016 plans to release its financial statements and operating results for the first quarter 2016 on Tuesday, May 10, 2016, after market close.

Kinross Gold Corporation, together with its auxiliaries, engages in the acquisition, exploration, development, and production of gold properties. The Firm operates in divisions: eight individual gold mines, Acacia and Pascua-Lama project. This is arguably taking place in the Mining- Gold space as it now has a Zacks Industry Rank of 53 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there. (NYSE:AUY) is 0.63 while company weekly performance is 7.00%. The companys gold production and exploration activities are carried out principally in Canada, the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania.

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Kim Earnest

The author Kim Earnest

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