UPDATE: Macquarie Downgrades Barrick Gold (ABX) to Underperform

May 16, 2013 8:39 AM EDT Send to a Friend
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Price: $10.83 -2.34%

Rating Summary:
    4 Buy, 16 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 14 | Down: 28 | New: 51
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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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