Barrick Gold Co. (TSE:ABX) Receives Consensus Rating of “Moderate Buy” from Brokerages

Barrick Gold Co. (TSE:ABXGet Free Report) (NYSE:ABX) has been given an average rating of “Moderate Buy” by the nine research firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$29.17.

ABX has been the subject of a number of recent research reports. National Bankshares lowered their target price on Barrick Gold from C$29.00 to C$28.00 and set a “sector perform” rating for the company in a research note on Tuesday. CIBC reaffirmed an “outperform” rating and issued a C$37.00 price objective on shares of Barrick Gold in a research report on Friday, January 19th. Sanford C. Bernstein dropped their price objective on shares of Barrick Gold from C$30.00 to C$29.00 and set an “outperform” rating on the stock in a research note on Thursday, January 25th. Raymond James decreased their target price on shares of Barrick Gold from C$26.00 to C$25.00 and set an “outperform” rating for the company in a research note on Wednesday, January 17th. Finally, Stifel Nicolaus dropped their price target on shares of Barrick Gold from C$30.00 to C$25.00 and set a “buy” rating on the stock in a research note on Friday, January 26th.

Get Our Latest Stock Analysis on Barrick Gold

Insider Transactions at Barrick Gold

In other Barrick Gold news, Senior Officer Joel James Holliday sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of C$18.24, for a total transaction of C$54,705.00. In other Barrick Gold news, Senior Officer Joel James Holliday sold 3,000 shares of Barrick Gold stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of C$18.24, for a total value of C$54,705.00. Also, Senior Officer Poupak Bahamin bought 2,941 shares of the stock in a transaction on Thursday, November 30th. The shares were acquired at an average price of C$17.49 per share, with a total value of C$51,438.09. In the last 90 days, insiders purchased 157,921 shares of company stock valued at $2,604,355. Insiders own 0.61% of the company’s stock.

Barrick Gold Stock Down 1.3 %

Shares of TSE ABX opened at C$20.26 on Wednesday. The stock has a fifty day moving average price of C$22.76 and a 200 day moving average price of C$22.10. The company has a current ratio of 3.07, a quick ratio of 2.62 and a debt-to-equity ratio of 15.06. Barrick Gold has a 12-month low of C$19.04 and a 12-month high of C$28.19. The company has a market cap of C$35.66 billion, a P/E ratio of 506.50, a P/E/G ratio of 1.18 and a beta of 0.35.

Barrick Gold Company Profile

(Get Free Report

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, the Dominican Republic, Mali, Tanzania, and the United States.

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Analyst Recommendations for Barrick Gold (TSE:ABX)

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