Shares of Barrick Gold Co. (TSE:ABX – Get Free Report) (NYSE:ABX) have earned a consensus recommendation of “Moderate Buy” from the fifteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$66.27.
Several brokerages have weighed in on ABX. ATB Cormark Capital Markets dropped their target price on Barrick Gold from C$60.00 to C$57.00 and set a “sector perform” rating on the stock in a research report on Tuesday, August 11th. Barclays raised their target price on Barrick Gold from C$55.00 to C$58.00 in a research note on Thursday, August 13th. Canadian Imperial Bank of Commerce downgraded shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 15th. Raymond James Financial lowered their price target on shares of Barrick Gold from C$58.00 to C$56.00 and set an “outperform” rating for the company in a research report on Tuesday, August 11th. Finally, Stifel Nicolaus cut their price objective on shares of Barrick Gold from C$90.00 to C$84.00 and set a “buy” rating on the stock in a research report on Monday, October 19th.
Read Our Latest Stock Report on ABX
Barrick Gold Price Performance
Shares of ABX stock opened at C$57.20 on Friday. The firm has a market cap of C$94.14 billion, a P/E ratio of 14.78, a P/E/G ratio of 2.34 and a beta of 1.86. The company has a debt-to-equity ratio of 17.15, a current ratio of 3.01 and a quick ratio of 2.62. Barrick Gold has a 1-year low of C$45.28 and a 1-year high of C$74.00. The firm has a fifty day moving average of C$58.03 and a two-hundred day moving average of C$58.28.
Barrick Gold (TSE:ABX – Get Free Report) (NYSE:ABX) last announced its quarterly earnings data on Monday, August 10th. The basic materials company reported C$1.17 earnings per share (EPS) for the quarter. Barrick Gold had a return on equity of 24.57% and a net margin of 31.60%. The firm had revenue of C$6.06 billion for the quarter. As a group, research analysts anticipate that Barrick Gold will post 2.24 earnings per share for the current fiscal year.
Insider Buying and Selling at Barrick Gold
In related news, insider Darian Kevin Rich sold 75,452 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of C$67.99, for a total value of C$5,129,981.48. Following the completion of the sale, the insider owned 235,252 shares in the company, valued at approximately C$15,994,783.48. This represents a 24.28% decrease in their position. Also, Director Mark Francis Hill sold 174,778 shares of the firm’s stock in a transaction on Friday, September 25th. The stock was sold at an average price of C$59.47, for a total value of C$10,394,047.66. Following the completion of the sale, the director directly owned 125,914 shares of the company’s stock, valued at approximately C$7,488,105.58. This trade represents a 58.13% decrease in their position. Insiders own 0.60% of the company’s stock.
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.
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