UPDATE: Macquarie Downgrades Barrick Gold (ABX) to Underperform

May 16, 2013 8:39 AM EDT
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Price: $16.85 +1.20%

Rating Summary:
    11 Buy, 13 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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(Updated - May 16, 2013 8:51 AM EDT)

Macquarie downgraded Barrick Gold (NYSE: ABX) from Neutral to Underperform with a price target of C$18.00 (from C$21.50). Analyst Tony Lesiak views Barrick Gold as a mature company with few opportunities to grow and high debt. Lesiak called Barrick Gold's recent amendment to its Dominican Republic mine contract a dangerous precedent.

For an analyst ratings summary and ratings history on Barrick Gold click here. For more ratings news on Barrick Gold click here.

Shares of Barrick Gold closed at $19.44 yesterday.

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