RBC Capital analyst Josh Wolfson maintained a Buy rating on Barrick Gold (GOLD – Research Report) on March 28 and set a price target of $18.00. The company’s shares closed last Thursday at $16.64.
Wolfson covers the Basic Materials sector, focusing on stocks such as Franco-Nevada, Royal Gold, and Osisko Gold Royalties. According to TipRanks, Wolfson has an average return of 3.4% and a 60.34% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Barrick Gold with a $20.27 average price target.
Based on Barrick Gold’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.06 billion and a net profit of $479 million. In comparison, last year the company earned a revenue of $2.77 billion and had a GAAP net loss of $1.79 billion
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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.
