Barrick Gold Co. (TSE:ABX – Get Rating) (NYSE:ABX)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$24.16 and traded as low as C$23.69. Barrick Gold shares last traded at C$23.98, with a volume of 3,294,101 shares traded.
Analysts Set New Price Targets
Several analysts recently commented on ABX shares. Sanford C. Bernstein cut their target price on shares of Barrick Gold from C$27.00 to C$26.00 in a research note on Thursday, April 20th. TD Securities restated a “buy” rating and issued a C$32.00 price target on shares of Barrick Gold in a research report on Thursday, February 16th. Barclays restated an “equal weight” rating and issued a C$26.00 price target on shares of Barrick Gold in a research report on Monday, January 30th. Stifel Nicolaus upped their price objective on shares of Barrick Gold from C$29.00 to C$30.00 in a research note on Thursday, April 20th. Finally, National Bank Financial reiterated a “sector perform” rating and issued a C$28.00 price objective on shares of Barrick Gold in a research note on Thursday, February 23rd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Barrick Gold presently has a consensus rating of “Hold” and a consensus price target of C$28.40.
Barrick Gold Stock Down 0.6 %
The company has a debt-to-equity ratio of 15.25, a quick ratio of 2.62 and a current ratio of 2.66. The business’s 50 day moving average is C$25.68 and its 200-day moving average is C$24.16. The firm has a market capitalization of C$42.20 billion, a price-to-earnings ratio of 299.75, a price-to-earnings-growth ratio of -0.78 and a beta of 0.13.
Barrick Gold Cuts Dividend
About Barrick Gold
Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties. It has ownership interests in producing gold mines that are located in Argentina, Canada, Côte d'Ivoire, the Democratic Republic of Congo, Dominican Republic, Mali, Tanzania, and the United States.
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