Veritas Investment Research Increases Barrick Gold (TSE:ABX) Price Target to C$25.00

Barrick Gold (TSE:ABX) (NYSE:ABX) had its target price increased by stock analysts at Veritas Investment Research to C$25.00 in a research report issued to clients and investors on Friday, Stock Target Advisor reports. Veritas Investment Research’s price objective would suggest a potential downside of 0.12% from the company’s previous close.

A number of other research firms have also recently commented on ABX. Berenberg Bank raised their target price on Barrick Gold from C$29.00 to C$31.00 in a research note on Monday. Raymond James decreased their price objective on shares of Barrick Gold from C$28.00 to C$24.00 in a report on Friday, February 16th. Stifel Nicolaus dropped their price target on Barrick Gold from C$30.00 to C$25.00 and set a “buy” rating on the stock in a research note on Friday, January 26th. National Bank Financial reiterated a “sector perform overweight” rating on shares of Barrick Gold in a research report on Monday. Finally, CIBC reissued an “outperform” rating and issued a C$31.00 target price on shares of Barrick Gold in a research report on Thursday, February 15th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$28.65.

Barrick Gold Trading Up 1.5 %

TSE ABX traded up C$0.36 during trading on Friday, hitting C$25.03. 3,430,298 shares of the company’s stock traded hands, compared to its average volume of 3,310,437. The stock has a fifty day moving average of C$21.19 and a two-hundred day moving average of C$21.84. Barrick Gold has a 12-month low of C$18.65 and a 12-month high of C$28.19. The firm has a market cap of C$44.05 billion, a P/E ratio of 25.49, a PEG ratio of 1.94 and a beta of 0.41. The company has a debt-to-equity ratio of 16.32, a current ratio of 3.16 and a quick ratio of 2.62.

Barrick Gold (TSE:ABX) (NYSE:ABX) last posted its quarterly earnings results on Wednesday, February 14th. The basic materials company reported C$0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.28 by C$0.09. Barrick Gold had a return on equity of 6.17% and a net margin of 11.16%. The business had revenue of C$4.16 billion for the quarter, compared to analyst estimates of C$4.28 billion. As a group, sell-side analysts expect that Barrick Gold will post 1.2363083 EPS for the current year.

About Barrick Gold

Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties in Canada and internationally. The company also explores and sells silver and energy materials. It has ownership interests in producing gold mines located in Argentina, Canada, Côte d'Ivoire, the Democratic Republic of Congo, the Dominican Republic, Mali, Tanzania, and the United States.