JPMorgan Chase & Co. Analysts Give Barrick Gold (TSE:ABX) a C$92.00 Price Target

JPMorgan Chase & Co. set a C$92.00 target price on Barrick Gold (TSE:ABX) (NYSE:ABX) in a research note published on Thursday morning,BayStreet.CA reports. The firm currently has an overweight rating on the basic materials company’s stock.

Several other research analysts also recently commented on the company. Scotiabank raised Barrick Gold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 23rd. 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. National Bankshares upped their price objective on shares of Barrick Gold from C$65.00 to C$77.50 and gave the stock an “outperform” rating in a research report on Tuesday, December 9th. DZ Bank upgraded shares of Barrick Gold to a “strong-buy” rating in a research report on Monday, January 19th. Finally, BNP Paribas Exane raised shares of Barrick Gold to a “strong-buy” rating in a research note on Friday, December 5th. Seven analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$60.69.

Barrick Gold Trading Down 11.3%

ABX stock opened at C$62.24 on Thursday. Barrick Gold has a one year low of C$23.68 and a one year high of C$74.00. The stock has a market cap of C$106.18 billion, a price-to-earnings ratio of 29.92, a price-to-earnings-growth ratio of 2.34 and a beta of 1.50. The company has a fifty day moving average price of C$62.66 and a two-hundred day moving average price of C$48.44. The company has a debt-to-equity ratio of 19.83, a current ratio of 2.65 and a quick ratio of 2.62.

Barrick Gold (TSE:ABX) (NYSE:ABX) last announced its earnings results on Monday, November 10th. The basic materials company reported C$0.58 earnings per share for the quarter. The company had revenue of C$3.41 billion for the quarter. Barrick Gold had a return on equity of 6.90% and a net margin of 13.19%. Equities analysts anticipate that Barrick Gold will post 2.2422764 EPS for the current year.

Barrick Gold Company Profile

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.