Barrick Gold Co. (TSE:ABX) Receives C$79.63 Average Price Target from Analysts

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) has been assigned a consensus recommendation of “Buy” from the thirteen research firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and five have assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$79.63.

Several equities analysts have weighed in on ABX shares. BNP Paribas Exane raised Barrick Gold to a “strong-buy” rating in a report on Friday, December 5th. Citigroup raised Barrick Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, November 24th. JPMorgan Chase & Co. raised their price target on Barrick Gold from C$89.00 to C$91.00 in a research report on Wednesday, February 25th. Canaccord Genuity Group cut their price objective on shares of Barrick Gold from C$80.00 to C$77.00 in a research report on Wednesday, February 18th. Finally, ATB Cormark Capital Markets reduced their price objective on shares of Barrick Gold from C$100.00 to C$94.00 and set a “moderate buy” rating on the stock in a research note on Monday, February 9th.

Barrick Gold Stock Down 0.5%

Shares of ABX opened at C$61.73 on Friday. The company has a current ratio of 2.92, a quick ratio of 2.62 and a debt-to-equity ratio of 17.89. Barrick Gold has a 12 month low of C$24.28 and a 12 month high of C$74.00. The firm’s 50 day moving average is C$65.69 and its 200-day moving average is C$54.45. The stock has a market capitalization of C$103.42 billion, a PE ratio of 21.07, a P/E/G ratio of 2.34 and a beta of 1.33.

Barrick Gold (TSE:ABX) (NYSE:ABX) last issued its quarterly earnings results on Thursday, February 5th. The basic materials company reported C$1.43 earnings per share (EPS) for the quarter. The business had revenue of C$8.01 billion during the quarter. Barrick Gold had a return on equity of 20.13% and a net margin of 29.90%. Equities research analysts forecast that Barrick Gold will post 2.2422764 EPS for the current year.

Insider Buying and Selling

In other news, Director Pekka Juhani Vauramo purchased 12,400 shares of the business’s stock in a transaction dated Thursday, February 12th. The stock was bought at an average price of C$65.41 per share, with a total value of C$811,084.00. Following the acquisition, the director owned 12,400 shares in the company, valued at approximately C$811,084. The trade was a ∞ increase in their position. Also, insider Graham Patrick Shuttleworth sold 100,000 shares of the stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of C$64.72, for a total transaction of C$6,472,000.00. Following the sale, the insider owned 487,252 shares in the company, valued at C$31,534,949.44. This represents a 17.03% decrease in their position. Corporate insiders own 0.60% of the company’s stock.

About Barrick Gold

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.