Barrick Gold was Upgraded to a Hold Rating at Mackie Research

By Jason Carr

Mackie Research analyst Barry Allan upgraded Barrick Gold (NYSE: ABX) to Hold today. The company’s shares closed last Friday at $17.08.

Allan has an average return of 32.2% when recommending Barrick Gold.

According to TipRanks.com, Allan is ranked #2721 out of 4178 analysts.

Barrick Gold has an analyst consensus of Moderate Buy, with a price target consensus of $26.

The company has a one year high of $23.47 and a one year low of $6.90. Currently, Barrick Gold has an average volume of 15.69M.

Barrick Gold Corp. mines and explores for gold, copper and nickel. It operates through its projects in Canada, the United States, the Dominican Republic, Australia, Papua New Guinea, Peru, Chile, Argentina, Zambia, Saudi Arabia and Tanzania. The company’s gold operating units are: Cortez, Goldstrike, Pueblo Viejo, Lagunas Norte, Veladero, North-America other and Australia Pacific. Barrick Gold was founded by Peter D. Munk in 1983 and is headquartered in Toronto, Canada.