RBC Capital reiterated their sector perform rating on shares of Barrick Gold Corp. (TSE:ABX) in a research report report published on Friday, Market Beat.com reports.

In other Barrick Gold Corp. news, Director Anthony Munk bought 50,000 shares of the firm’s stock in a transaction dated Tuesday, November 17th. The shares were bought at an average price of C$6.95 per share, for a total transaction of C$347,500.00. Also, Director Joseph Brett Harvey bought 6,500 shares of the firm’s stock in a transaction dated Tuesday, December 8th. The shares were acquired at an average price of C$7.66 per share, for a total transaction of C$49,801.70.

Shares of Barrick Gold Corp. (TSE:ABX) opened at 13.40 on Friday. The firm has a 50-day moving average price of $11.02 and a 200-day moving average price of $9.95. Barrick Gold Corp. has a 1-year low of $7.89 and a 1-year high of $16.54. The company’s market capitalization is $15.61 billion.

A number of other research analysts have also commented on the company. TD Securities cut their target price on Barrick Gold Corp. from C$17.50 to C$12.50 and set a buy rating for the company in a research note on Friday, January 15th. Canaccord Genuity upped their target price on Barrick Gold Corp. from C$12.00 to C$15.00 and gave the company a buy rating in a research note on Friday, January 22nd. Finally, Mackie upped their target price on Barrick Gold Corp. from C$12.35 to C$14.00 and gave the company a buy rating in a research note on Thursday, October 29th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of C$12.00.

Barrick Gold Corporation (TSE: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.

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