UPDATE: BMO Capital Markets Downgrades Barrick Gold Corporation to Market Perform, Lowers PT
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
|Oct 2016||Mackie Research||Upgrades||Sell||Hold|
|Oct 2016||Goldman Sachs||Maintains||Buy|
|Oct 2016||Deutsche Bank||Upgrades||Hold||Buy|
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