Morningstar Issues “BBB-” Credit Rating to Barrick Gold (ABX)

Barrick Gold (NYSE:ABX) has earned a “BBB-” credit rating from Morningstar. The investment research firm’s “BBB-” rating indicates that the company is a moderate default risk. They also gave their stock a five star rating.

A number of other analysts have also recently weighed in on ABX. Analysts at Canaccord Genuity downgraded shares of Barrick Gold from a “hold” rating to a “sell” rating in a research note on Thursday, December 18th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Barrick Gold in a research note on Thursday, December 11th. They now have a $13.00 price target on the stock. Finally, analysts at Goldman Sachs downgraded shares of Barrick Gold from a “conviction-buy” rating to a “buy” rating in a research note on Friday, November 7th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $18.72.

Shares of Barrick Gold (NYSE:ABX) opened at 10.31 on Thursday. Barrick Gold has a 52-week low of $10.04 and a 52-week high of $21.45. The stock’s 50-day moving average is $11.72 and its 200-day moving average is $15.46. The company’s market cap is $12.008 billion.

Barrick Gold (NYSE:ABX) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.02. The company had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $2.47 billion. During the same quarter in the previous year, the company posted $0.58 earnings per share. The company’s revenue for the quarter was down 13.0% on a year-over-year basis. Analysts expect that Barrick Gold will post $0.67 EPS for the current fiscal year.

Barrick Gold Corporation (NYSE:ABX) is engaged in the production and sale of gold, as well as related activities, such as exploration and mine development.

To view more credit ratings from Morningstar, visit www.jdoqocy.comclick-7674909-10651170.

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One Response

  1. Sandra says:

    The company has a great reward, so I guess it has been a long an difficult way to this event. All the clients can be sure in a good level and appropriate service provided. The other good and reliable service can help you to get instant money transfer in a case of any emergency. I think that today it is quite important to find reliable services and avoid financial frauds. Also it is necessary to keep the personal data safe and use a help of only known companies.

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