RBC Capital analyst Josh Wolfson maintained a Buy rating on Barrick Gold (GOLD – Research Report) on February 20 and set a price target of $18.00. The company’s shares closed yesterday at $14.39.
Wolfson covers the Basic Materials sector, focusing on stocks such as Royal Gold, Sandstorm Gold, and Gold Fields. According to TipRanks, Wolfson has an average return of 0.3% and a 50.42% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Barrick Gold with a $20.14 average price target, representing a 39.96% upside. In a report released on February 20, Scotiabank also maintained a Buy rating on the stock with a $23.00 price target.
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Based on Barrick Gold’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.86 billion and a net profit of $368 million. In comparison, last year the company earned a revenue of $2.53 billion and had a net profit of $115 million
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 $23 from $24 at Scotiabank
- 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
