Barrick Gold Corp (NYSE:GOLD) Receives $23.23 Average Price Target from Brokerages

Shares of Barrick Gold Corp (NYSE:GOLDGet Free Report) (TSE:ABX) have been given an average rating of “Moderate Buy” by the fifteen ratings firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $23.23.

GOLD has been the subject of a number of research analyst reports. National Bank Financial reiterated a “sector perform overweight” rating on shares of Barrick Gold in a report on Wednesday, January 3rd. Scotiabank lowered their target price on Barrick Gold from $26.00 to $25.00 and set an “outperform” rating for the company in a report on Friday, November 3rd. TD Securities decreased their price objective on Barrick Gold from $25.00 to $22.00 and set a “buy” rating for the company in a report on Monday, November 6th. Raymond James decreased their price objective on Barrick Gold from $26.00 to $25.00 and set an “outperform” rating for the company in a report on Friday, October 13th. Finally, Citigroup decreased their price objective on Barrick Gold from $20.00 to $18.00 and set a “neutral” rating for the company in a report on Tuesday, November 28th.

Get Our Latest Research Report on Barrick Gold

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Fairfield Bush & CO. purchased a new position in shares of Barrick Gold during the 2nd quarter valued at $29,000. RFP Financial Group LLC purchased a new position in shares of Barrick Gold during the 2nd quarter valued at $30,000. Bruce G. Allen Investments LLC purchased a new position in shares of Barrick Gold during the 4th quarter valued at $35,000. Resurgent Financial Advisors LLC purchased a new position in shares of Barrick Gold during the 4th quarter valued at $36,000. Finally, FWL Investment Management LLC purchased a new position in shares of Barrick Gold during the 4th quarter valued at $36,000. Hedge funds and other institutional investors own 58.20% of the company’s stock.

Barrick Gold Trading Down 1.0 %

Shares of GOLD stock opened at $15.02 on Friday. The company has a market cap of $26.37 billion, a P/E ratio of 500.67, a PEG ratio of 1.02 and a beta of 0.58. The stock has a 50 day simple moving average of $16.95 and a two-hundred day simple moving average of $16.34. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.28 and a current ratio of 3.07. Barrick Gold has a fifty-two week low of $13.82 and a fifty-two week high of $20.75.

About Barrick Gold

(Get Free Report

Barrick Gold Corporation is a sector-leading gold and copper producer.  Its shares trade on the New York Stock Exchange under the symbol GOLD and on the Toronto Stock Exchange under the symbol ABX.
 
In January 2019 Barrick merged with Randgold Resources and in July that year it combined its gold mines in Nevada, USA, with those of Newmont Corporation in a joint venture, Nevada Gold Mines, which is majority-owned and operated by Barrick.

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Analyst Recommendations for Barrick Gold (NYSE:GOLD)

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