Market Overview

UPDATE: BMO Capital Markets Downgrades Barrick Gold Corporation to Market Perform, Lowers PT

Share:
Related ABX
Barrick Gold Is Deleveraging By 'Divesting On Track'; Goldman Says To Buy
Barrick Gold Investors' Patience Being Stretched Thin
Barrick Gold Sells 50% Stake In Big PNG Gold Mine To The Chinese (Seeking Alpha)

In a report published Friday, BMO Capital Markets downgraded its rating on Barrick Gold Corporation (NYSE: ABX) from Outperform to Market Perform, and lowered its price target from $50.00 to $46.00.

BMO Capital noted, “BMO Research has downgraded Barrick to Market Perform as the company has struggled to meet guidance recently, with persistent cost escalation for Pascua-Lama. Few positive catalysts are expected over the next six months or so. BMO Research prefers Goldcorp (GG-NYSE, G-TSX; US$45.37; Outperform) to Barrick for growth and value.”

Barrick Gold Corporation closed on Thursday at $36.70.

Latest Ratings for ABX

DateFirmActionFromTo
Apr 2015Credit SuisseAssumesNeutral
Mar 2015JefferiesMaintainsHold
Feb 2015JP MorganMaintainsNeutral

View More Analyst Ratings for ABX
View the Latest Analyst Ratings

Posted-In: BMO Capital MarketsAnalyst Color Downgrades Analyst Ratings

 

Related Articles (ABX)

Around the Web, We're Loving...