Analysts Set Barrick Gold Co. (TSE:ABX) Price Target at C$53.69

Shares of Barrick Gold Co. (TSE:ABX) (NYSE:ABX) have earned an average rating of “Buy” from the fourteen ratings firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and seven have assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$56.21.

Several equities analysts have recently commented on the stock. Scotiabank raised shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 23rd. National Bank Financial upgraded Barrick Gold from a “hold” rating to a “strong-buy” rating in a report on Friday, September 19th. Cormark increased their price objective on Barrick Gold from C$66.00 to C$78.00 in a report on Tuesday, November 25th. Citigroup upgraded Barrick Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 24th. Finally, BMO Capital Markets upped their target price on Barrick Gold from C$37.00 to C$41.00 in a report on Monday, September 22nd.

Barrick Gold Stock Performance

TSE:ABX opened at C$69.34 on Friday. The company has a debt-to-equity ratio of 19.83, a quick ratio of 2.62 and a current ratio of 2.65. Barrick Gold has a fifty-two week low of C$22.25 and a fifty-two week high of C$70.08. The firm has a market cap of C$118.29 billion, a PE ratio of 33.34, a price-to-earnings-growth ratio of 2.34 and a beta of 1.50. The business has a 50 day moving average price of C$58.28 and a 200-day moving average price of C$45.09.

Barrick Gold (TSE:ABX) (NYSE:ABX) last issued its earnings results on Monday, November 10th. The basic materials company reported C$0.58 EPS for the quarter. The company had revenue of C$3.41 billion for the quarter. Barrick Gold had a net margin of 13.19% and a return on equity of 6.90%. Equities research analysts predict that Barrick Gold will post 2.2422764 earnings per share for the current year.

Barrick Gold Company Profile

Barrick is a leading global mining, exploration and development company. With one of the largest portfolios of world-class and long-life gold and copper assets in the industry – including six of the world’s Tier One gold mines -Barrick’s operations and projects span 18 countries and five continents. Barrick is also the largest gold producer in the United States. We create real, long-term value for all stakeholders through responsible mining, strong partnerships and a disciplined approach to growth.