Barrick Gold (TSE:ABX) (NYSE:ABX) had its target price cut by Canaccord Genuity from C$19.00 to C$18.00 in a research report released on Tuesday morning, BayStreet.CA reports.

Other equities research analysts also recently issued research reports about the stock. Desjardins raised shares of Barrick Gold from a hold rating to a buy rating and set a C$22.00 price objective for the company in a research report on Wednesday, March 13th. Haywood Securities boosted their price objective on shares of Barrick Gold from C$18.00 to C$19.00 in a research report on Thursday, February 14th. GMP Securities reissued a hold rating and set a C$17.15 price objective on shares of Barrick Gold in a research report on Wednesday, February 27th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Barrick Gold from C$17.00 to C$18.00 in a research report on Wednesday, January 9th.

Shares of ABX stock opened at C$17.21 on Tuesday. Barrick Gold has a 1 year low of C$12.54 and a 1 year high of C$19.49. The company has a quick ratio of 1.20, a current ratio of 2.39 and a debt-to-equity ratio of 61.14. The firm has a market cap of $31.01 billion and a PE ratio of -13.00.

Barrick Gold (TSE:ABX) (NYSE:ABX) last issued its quarterly earnings data on Wednesday, February 13th. The basic materials company reported C$0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.09 by C($0.01). The firm had revenue of C$2.52 billion for the quarter, compared to analysts’ expectations of C$2.59 billion. On average, sell-side analysts forecast that Barrick Gold will post 0.489722276635808 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FMR LLC lifted its stake in shares of Barrick Gold by 123.5% during the 4th quarter. FMR LLC now owns 15,759,704 shares of the basic materials company’s stock valued at $212,753,000 after buying an additional 8,709,003 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Barrick Gold by 42.1% during the 4th quarter. American Century Companies Inc. now owns 3,196,512 shares of the basic materials company’s stock valued at $43,281,000 after buying an additional 946,900 shares in the last quarter. Hexavest Inc. purchased a new position in shares of Barrick Gold during the 1st quarter valued at $21,660,000. Centre Asset Management LLC lifted its stake in shares of Barrick Gold by 48.2% during the 1st quarter. Centre Asset Management LLC now owns 905,410 shares of the basic materials company’s stock valued at $12,413,000 after buying an additional 294,590 shares in the last quarter. Finally, Keating Investment Counselors Inc. lifted its stake in shares of Barrick Gold by 43.6% during the 1st quarter. Keating Investment Counselors Inc. now owns 592,230 shares of the basic materials company’s stock valued at $8,119,000 after buying an additional 179,745 shares in the last quarter.

About Barrick Gold

Barrick Gold Corporation explores for and develops mineral properties. The company primarily explores for gold, copper, and silver deposits. It holds a 50% interest in the Veladero, a gold mine located in Argentina; 50% interest in the Kalgoorlie gold mine located in Australia; 95% interest in the Porgera 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 copper mine located in Saudi Arabia.

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