Barrick Gold (NYSE:ABX) (TSE:ABX)‘s stock had its “hold” rating reiterated by stock analysts at Jefferies Financial Group in a research report issued on Wednesday. They presently have a $14.00 price objective on the basic materials company’s stock. Jefferies Financial Group’s price target indicates a potential downside of 0.14% from the stock’s previous close. Jefferies Financial Group also issued estimates for Barrick Gold’s FY2019 earnings at $0.47 EPS.

ABX has been the topic of several other reports. Raymond James reiterated a “market perform” rating and issued a $15.00 target price on shares of Barrick Gold in a report on Friday, October 26th. JPMorgan Chase & Co. cut their target price on shares of Barrick Gold from $15.50 to $13.00 and set a “neutral” rating on the stock in a report on Monday, September 17th. UBS Group set a $15.00 target price on shares of Barrick Gold and gave the stock a “hold” rating in a report on Monday, October 29th. Citigroup upgraded shares of Barrick Gold from a “neutral” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Tuesday, September 25th. Finally, BMO Capital Markets set a $13.00 target price on shares of Barrick Gold and gave the stock a “hold” rating in a report on Wednesday, October 10th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $15.19.

ABX opened at $14.02 on Wednesday. The company has a current ratio of 2.65, a quick ratio of 1.42 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $15.88 billion, a price-to-earnings ratio of 18.69, a PEG ratio of 16.05 and a beta of -0.50. Barrick Gold has a twelve month low of $9.53 and a twelve month high of $15.52.

Barrick Gold (NYSE:ABX) (TSE:ABX) last posted its earnings results on Wednesday, October 24th. The basic materials company reported $0.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.02. The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.80 billion. Barrick Gold had a negative net margin of 8.75% and a positive return on equity of 5.38%. The business’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same period last year, the business posted $0.16 earnings per share. Research analysts predict that Barrick Gold will post 0.42 earnings per share for the current year.

Several large investors have recently modified their holdings of ABX. Principal Financial Group Inc. raised its holdings in shares of Barrick Gold by 55.0% during the first quarter. Principal Financial Group Inc. now owns 532,756 shares of the basic materials company’s stock worth $6,633,000 after acquiring an additional 189,109 shares during the period. Jennison Associates LLC increased its stake in Barrick Gold by 85.5% in the 2nd quarter. Jennison Associates LLC now owns 28,508 shares of the basic materials company’s stock valued at $374,000 after buying an additional 13,140 shares during the last quarter. Alps Advisors Inc. increased its stake in Barrick Gold by 0.8% in the 2nd quarter. Alps Advisors Inc. now owns 596,422 shares of the basic materials company’s stock valued at $7,831,000 after buying an additional 4,698 shares during the last quarter. State of Wisconsin Investment Board increased its stake in Barrick Gold by 4.6% in the 2nd quarter. State of Wisconsin Investment Board now owns 940,726 shares of the basic materials company’s stock valued at $12,350,000 after buying an additional 41,140 shares during the last quarter. Finally, Trexquant Investment LP acquired a new stake in Barrick Gold in the 2nd quarter valued at $224,000. Institutional investors and hedge funds own 56.73% of the company’s stock.

About Barrick Gold

Barrick Gold Corporation engages in the exploration and development of mineral properties. It primarily explores for gold and copper deposits. The company holds a 50% interest in the Veladero mine located in the San Juan Province of Argentina; 50% interest in the KCGM, a gold mine located in Australia; 95% interest in Porgera, a gold mine located in Papua New Guinea; 50% interest in the Zaldívar, a copper mine located in Chile; and 50% interest in the Jabal Sayid, a copper mine located in Saudi Arabia.

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Analyst Recommendations for Barrick Gold (NYSE:ABX)

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