JPMorgan Chase & Co (NYSE:JPM) cuts-down Barrick Gold’s PT – ABX

997

Dallas, Texas 09/24/2013 (Financialstrend) – JPMorgan Chase & Co (NYSE:JPM) cut the PT on Barrick Gold Corporation (USA) (NYSE:ABX) shares from $22.00 to $19.00 last Thursday and has set a “neutral” rating on the stock. Numerous other analysts have also weighed on the company’s stock recently. Salman Partners analysts downgraded Barrick Gold Corporation (NYSE:ABX) shares to a “hold” rating on 22 August. TD Securities analysts upgraded the company’s shares from a “hold” to a “buy” rating on 21st August and have set a $25.00 PT on the stock which previously stood at $19.00.

 More analysts speak

 Credit Suisse analysts upped PT on Barrick Gold Corporation (USA) (NYSE:ABX) shares from $20.00 to $22.00 on 13 August and have a “neutral” rating on the company’s stock.

Two research-analysts have assigned a “sell” rating, 16 have set a “hold” rating and 7 have given a “buy” rating to Barrick Gold Corporation (USA) (NYSE:ABX). Currently the average rating on the stock is a “hold” and the average PT is $25.31.

 Monday’s trading

 In Monday’s trading session, Barrick Gold Corporation (USA) (NYSE:ABX) stock dropped by 1.40%. The opening price of the shares was $18.56 which climbed to an intraday high of $19.00 and dropped to a close of $18.35. Approximately 14.64 million shares were traded on Monday. An average volume of 18.64 million shares were traded over 30 days. The 52-week low of the shares is $13.43 and the 52-week low is $18.64. Barrick Gold Corporation (USA) (NYSE:ABX) has a market capitalization of $18.37 billion.

 About the company

 Barrick Gold Corporation (USA) (NYSE:ABX) is involved in producing and selling gold. It is also engaged in numerous other related activities like mine development and exploration. In addition, the company is also a producer of copper. This production is mainly from the Lumwana and Zaldivar mines. Barrick Gold Corporation (USA) (NYSE:ABX) also holds some other interests such as a nickel-development project which is located in Africa.

Subscribe to get your free report!

* indicates required
*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.