Market Overview

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

Share:
Related ABX
Barrick Gold Up 6% After Q4 Beat
Earnings Scheduled For February 15, 2017
Thursday Thoughts - Tesla's Emperor Musk Has No Clothes! (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
Oct 2016Mackie ResearchUpgradesSellHold
Oct 2016Goldman SachsMaintainsBuy
Oct 2016Deutsche BankUpgradesHoldBuy

View More Analyst Ratings for ABX
View the Latest Analyst Ratings

Posted-In: BMO Capital MarketsAnalyst Color Downgrades Analyst Ratings

 

Related Articles (ABX)

View Comments and Join the Discussion!