Barrick Gold (TSE:ABX – Get Free Report) (NYSE:ABX) had its target price decreased by equities researchers at National Bank Financial from C$75.00 to C$67.50 in a research report issued on Tuesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the basic materials company’s stock. National Bank Financial’s price target would suggest a potential upside of 31.43% from the stock’s current price.
A number of other analysts have also commented on the stock. ATB Cormark Capital Markets lowered shares of Barrick Gold from a “moderate buy” rating to a “hold” rating and boosted their price objective for the stock from C$70.00 to C$75.00 in a research report on Tuesday, April 7th. Barclays set a C$56.00 price target on shares of Barrick Gold and gave the company an “equal weight” rating in a research note on Friday, May 22nd. BMO Capital Markets boosted their price target on shares of Barrick Gold from C$55.00 to C$65.00 in a research report on Wednesday, April 22nd. Royal Bank Of Canada reduced their price target on Barrick Gold from C$51.00 to C$49.00 and set an “outperform” rating for the company in a research report on Thursday, July 9th. Finally, Sanford C. Bernstein lifted their price objective on shares of Barrick Gold from C$86.00 to C$91.00 in a research report on Monday, April 20th. Five research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$73.25.
View Our Latest Stock Analysis on ABX
Barrick Gold Trading Up 1.1%
Barrick Gold (TSE:ABX – Get Free Report) (NYSE:ABX) last released its earnings results on Monday, May 11th. The basic materials company reported C$1.36 earnings per share for the quarter. Barrick Gold had a return on equity of 23.48% and a net margin of 32.04%.The firm had revenue of C$5.81 billion for the quarter. On average, analysts predict that Barrick Gold will post 2.2422764 earnings per share for the current year.
Insider Activity at Barrick Gold
In related news, Director Robert Ananda Paul Samek acquired 10,000 shares of the stock in a transaction dated Friday, June 5th. The stock was bought at an average cost of C$55.06 per share, for a total transaction of C$550,600.00. Following the completion of the transaction, the director directly owned 18,900 shares of the company’s stock, valued at C$1,040,634. The trade was a 112.36% increase in their ownership of the stock. Also, Director Mark Francis Hill sold 88,000 shares of Barrick Gold stock in a transaction on Thursday, May 28th. The stock was sold at an average price of C$57.85, for a total transaction of C$5,090,800.00. Following the transaction, the director directly owned 380,598 shares of the company’s stock, valued at C$22,017,594.30. This represents a 18.78% decrease in their position. Over the last 90 days, insiders sold 134,422 shares of company stock valued at $7,695,879. Corporate 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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