UPDATE: Macquarie Downgrades Barrick Gold (ABX) to Underperform

May 16, 2013 8:39 AM EDT Send to a Friend
Get Alerts ABX Hot Sheet
Price: $13.62 --0%

Rating Summary:
    5 Buy, 16 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 5
Trade ABX Now!
Join SI Premium – FREE
(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.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, Analyst EPS View, Downgrades

Add Your Comment