Barrick Gold Co. (TSE:ABX) Given Consensus Recommendation of “Buy” by Analysts

Barrick Gold Co. (TSE:ABX – Get Free Report) (NYSE:ABX) has been given a consensus recommendation of “Buy” by the eleven brokerages that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, five have issued a buy rating and five have given a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$79.38.

A number of equities analysts have recently issued reports on ABX shares. National Bank Financial increased their target price on Barrick Gold from C$72.50 to C$75.00 and gave the stock an “outperform” rating in a report on Tuesday, May 12th. Canaccord Genuity Group dropped their target price on Barrick Gold from C$80.00 to C$77.00 in a report on Wednesday, February 18th. Sanford C. Bernstein raised their price target on Barrick Gold from C$86.00 to C$91.00 in a report on Monday, April 20th. Stifel Nicolaus raised their price target on Barrick Gold from C$65.00 to C$95.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. Finally, BMO Capital Markets raised their price target on Barrick Gold from C$55.00 to C$65.00 in a report on Wednesday, April 22nd.

Get Barrick Gold alerts:

View Our Latest Research Report on Barrick Gold

Barrick Gold Price Performance

Shares of ABX stock opened at C$54.28 on Friday. The stock has a 50 day moving average of C$57.10 and a two-hundred day moving average of C$59.50. The company has a current ratio of 3.06, a quick ratio of 2.62 and a debt-to-equity ratio of 17.29. Barrick Gold has a 12 month low of C$25.33 and a 12 month high of C$74.00. The company has a market capitalization of C$90.95 billion, a P/E ratio of 14.99, a P/E/G ratio of 2.34 and a beta of 1.62.

Barrick Gold (TSE:ABX – Get Free Report) (NYSE:ABX) last issued its earnings results on Monday, May 11th. The basic materials company reported C$1.36 earnings per share (EPS) for the quarter. Barrick Gold had a return on equity of 23.48% and a net margin of 32.04%.The business had revenue of C$5.81 billion during the quarter. As a group, equities analysts expect that Barrick Gold will post 2.2422764 EPS for the current year.

About Barrick Gold

(Get Free Report)

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.

Read More

• Five stocks we like better than Barrick Gold
• HIVE Weaponizes Power for an AI Pivot
• A Deep Dive Into NVIDIA’s Latest Portfolio Moves
• Brady Corp Wires Up a Massive AI-Powered Breakout
• Why Home Depot’s Sell-Off Could Become a Huge Opportunity

Receive News & Ratings for Barrick Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barrick Gold and related companies with MarketBeat.com's FREE daily email newsletter.