Barrick Gold Co. (TSE:ABX – Get 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.
Insider Transactions at Barrick Gold
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
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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