Barrick Gold (TSE:ABX) Given a C$56.00 Price Target by Barclays Analysts

Barrick Gold (TSE:ABX) (NYSE:ABX) has been assigned a C$56.00 price objective by equities research analysts at Barclays in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has an “equal weight” rating on the basic materials company’s stock. Barclays‘s price objective points to a potential downside of 0.76% from the company’s previous close.

A number of other brokerages have also recently weighed in on ABX. Sanford C. Bernstein upped their price objective on shares of Barrick Gold from C$86.00 to C$91.00 in a report on Monday, April 20th. ATB Cormark Capital Markets cut shares of Barrick Gold from a “moderate buy” rating to a “hold” rating and upped their price objective for the stock from C$70.00 to C$75.00 in a report on Tuesday, April 7th. National Bank Financial upped their price objective on shares of Barrick Gold from C$72.50 to C$75.00 and gave the stock an “outperform” rating in a report on Tuesday, May 12th. BMO Capital Markets increased their price target on shares of Barrick Gold from C$55.00 to C$65.00 in a report on Wednesday, April 22nd. Finally, JPMorgan Chase & Co. cut their price target on shares of Barrick Gold from C$91.00 to C$79.00 in a report on Thursday, April 23rd. Five research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$76.78.

Barrick Gold Stock Down 0.8%

ABX traded down C$0.45 during midday trading on Friday, reaching C$56.43. The company’s stock had a trading volume of 831,109 shares, compared to its average volume of 6,027,049. The firm has a market capitalization of C$94.55 billion, a price-to-earnings ratio of 15.59, a PEG ratio of 2.34 and a beta of 1.62. The company has a current ratio of 3.06, a quick ratio of 2.62 and a debt-to-equity ratio of 17.29. Barrick Gold has a 1 year low of C$25.56 and a 1 year high of C$74.00. The stock’s 50-day moving average is C$56.86 and its 200-day moving average is C$59.64.

Barrick Gold (TSE:ABX) (NYSE:ABX) last announced its quarterly earnings data on Monday, May 11th. The basic materials company reported C$1.36 earnings per share for the quarter. The business had revenue of C$5.81 billion for the quarter. Barrick Gold had a net margin of 32.04% and a return on equity of 23.48%. As a group, research analysts expect that Barrick Gold will post 2.2422764 EPS for the current year.

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.