Barrick Gold (TSE:ABX) Stock Rating Upgraded by Atb Cormark Cm

Barrick Gold (TSE:ABX) (NYSE:ABX) was upgraded by equities research analysts at Atb Cormark Cm to a “moderate buy” rating in a research note issued to investors on Monday,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the stock. Cormark raised their target price on shares of Barrick Gold from C$66.00 to C$78.00 in a research note on Tuesday, November 25th. Canaccord Genuity Group lifted their price target on shares of Barrick Gold from C$68.00 to C$70.00 in a report on Monday, December 1st. ATB Capital decreased their target price on Barrick Gold from C$100.00 to C$94.00 and set an “outperform” rating on the stock in a research report on Monday. Stifel Nicolaus upped their price target on shares of Barrick Gold from C$46.00 to C$65.00 in a research note on Monday, October 20th. Finally, DZ Bank raised shares of Barrick Gold to a “strong-buy” rating in a research note on Monday, January 19th. Seven investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Barrick Gold presently has an average rating of “Buy” and a consensus price target of C$64.94.

Barrick Gold Trading Up 2.5%

Shares of TSE:ABX opened at C$63.27 on Monday. The stock’s fifty day moving average price is C$63.36 and its 200-day moving average price is C$50.02. The company has a debt-to-equity ratio of 19.83, a current ratio of 2.65 and a quick ratio of 2.62. The company has a market cap of C$106.00 billion, a P/E ratio of 21.59, a PEG ratio of 2.34 and a beta of 1.47. Barrick Gold has a 1 year low of C$24.28 and a 1 year high of C$74.00.

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