Why Barrick Gold Has Lost Favor with Analysts
According to the consensus compiled by Thomson Reuters, 22 analysts are currently covering Barrick Gold (ABX), of which only 18% have recommended “buys” on the stock. This is the lowest percentage of “buy” recommendations among senior miner stocks (GDX). Meanwhile, 68% of analysts have recommended “holds” on Barrick, and 14% have recommended “sells.” Its target price of $15.8 implies an upside of 19.3% based on its current market price.