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

Other equities research analysts have also issued reports about the stock. BMO Capital Markets decreased their price objective on shares of Barrick Gold from $12.00 to $10.00 in a research report on Wednesday, October 7th. Credit Suisse reiterated a “hold” rating on shares of Barrick Gold in a research report on Sunday, January 24th. CIBC upped their target price on shares of Barrick Gold from $9.25 to $9.50 and gave the company a “sector performer” rating in a report on Wednesday, January 13th. Zacks Investment Research lowered shares of Barrick Gold from a “buy” rating to a “hold” rating in a report on Monday, January 25th. Finally, TD Securities reduced their target price on shares of Barrick Gold from $17.50 to $12.50 and set a “buy” rating on the stock in a report on Friday, January 15th. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $11.41.

Shares of Barrick Gold (NYSE:ABX) opened at 10.07 on Tuesday. The firm’s market cap is $11.73 billion. Barrick Gold has a 52-week low of $5.91 and a 52-week high of $13.70. The company’s 50-day moving average is $8.10 and its 200-day moving average is $7.43.

A hedge fund recently raised its stake in Barrick Gold stock. ING Groep boosted its position in Barrick Gold Co. (NYSE:ABX) by 1.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 523,146 shares of the company’s stock after buying an additional 7,702 shares during the period. ING Groep’s holdings in Barrick Gold were worth $3,327,000 at the end of the most recent reporting period.

Barrick Gold Corporation (NYSE:ABX) is a gold mining company. The Company is engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. The Company operates in segments: eight individual gold mines, Acacia and Pascua-Lama project. The remaining operating segments have been grouped into two other categories: its remaining gold mines and its two copper mines. The Company sells its production in the world market through the distribution channels: gold bullion is sold in the gold spot market; gold and copper concentrate is sold to independent smelting companies, and copper cathode is sold to various manufacturers and traders. The Company has 14 producing gold mines, located in Canada, the United States, Peru, Argentina, Australia, the Dominican Republic and Papua New Guinea. It also holds a 63.9% equity interest in Acacia Mining plc (Acacia) that owns gold mines and exploration properties in Africa.

12 Month Chart for NYSE:ABX

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