Barrick Gold (GOLD) was Downgraded to a Hold Rating at Canaccord Genuity

By Carrie Williams

Canaccord Genuity analyst Carey MacRury downgraded Barrick Gold (GOLDResearch Report) to Hold yesterday and set a price target of C$28.00. The company’s shares closed last Monday at $21.25, close to its 52-week high of $22.57.

According to TipRanks.com, MacRury is a 5-star analyst with an average return of 19.3% and a 69.5% success rate. MacRury covers the Basic Materials sector, focusing on stocks such as Osisko Gold Royalties, Kirkland Lake Gold, and Eldorado Gold.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Barrick Gold with a $21.65 average price target.

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The company has a one-year high of $22.57 and a one-year low of $11.65. Currently, Barrick Gold has an average volume of 11.52M.

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Barrick Gold Corp. engages in the production and sale of gold and copper, as well as related activities such as exploration and mine development. It operates through the following segments: Barrick Nevada, Veladero, Pueblo Viejo, Lagunas Norte, Turquoise Ridge, Acacia, and Pascua-Lama.