Scotiabank analyst Tanya Jakusconek maintained a Buy rating on Barrick Gold (GOLD – Research Report) today and set a price target of $23.00. The company’s shares closed last Friday at $14.65.
Jakusconek covers the Basic Materials sector, focusing on stocks such as Compania de Minas Buenaventura SAA, IAMGOLD, and Barrick Gold. According to TipRanks, Jakusconek has an average return of -9.8% and a 33.33% success rate on recommended stocks.
Currently, the analyst consensus on Barrick Gold is a Moderate Buy with an average price target of $20.32, which is a 38.70% upside from current levels. In a report released on February 15, Stifel Nicolaus also maintained a Buy rating on the stock with a C$25.00 price target.
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GOLD market cap is currently $25.71B and has a P/E ratio of 20.21.
Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GOLD in relation to earlier this year.
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Barrick Gold (GOLD) Company Description:
Canada-based Barrick Gold Corp. is engaged in the production and sale of gold and copper, as well as related activities such as exploration and mine development.
Read More on GOLD:
- Barrick Gold price target lowered to C$24 from C$28 at National Bank
- Barrick Gold Reports Earnings: Did it Beat Estimate Forecasts?
- Options Volatility and Implied Earnings Moves Today, February 14, 2024
- Barrick Gold (NYSE:GOLD) Rises on Q4 Numbers, $1B Share Buyback
- Barrick Gold reports Q4 adjusted EPS 27c, consensus 21c
