Barrick Gold (TSE:ABX) Stock Rating Upgraded by DZ Bank

Barrick Gold (TSE:ABX) (NYSE:ABX) was upgraded by equities research analysts at DZ Bank to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

Several other brokerages have also recently weighed in on ABX. National Bankshares boosted their target price on Barrick Gold from C$65.00 to C$77.50 and gave the stock an “outperform” rating in a report on Tuesday, December 9th. Scotiabank upgraded Barrick Gold from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 23rd. Cormark upped their target price on Barrick Gold from C$66.00 to C$78.00 in a report on Tuesday, November 25th. Canaccord Genuity Group raised their target price on Barrick Gold from C$68.00 to C$70.00 in a research note on Monday, December 1st. Finally, BMO Capital Markets boosted their price target on shares of Barrick Gold from C$37.00 to C$41.00 in a research report on Monday, September 22nd. Eight investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Barrick Gold presently has an average rating of “Buy” and a consensus price target of C$56.21.

Barrick Gold Trading Up 0.2%

Shares of ABX opened at C$69.12 on Monday. The firm’s fifty day moving average is C$59.95 and its two-hundred day moving average is C$46.33. The stock has a market cap of C$117.92 billion, a PE ratio of 33.23, a price-to-earnings-growth ratio of 2.34 and a beta of 1.50. The company has a quick ratio of 2.62, a current ratio of 2.65 and a debt-to-equity ratio of 19.83. Barrick Gold has a 52-week low of C$22.25 and a 52-week high of C$70.08.

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