Barrick Gold (TSE:ABX) Price Target Raised to C$37.00 at Stifel Nicolaus

Barrick Gold (TSE:ABX) (NYSE:ABX) had its price objective hoisted by Stifel Nicolaus from C$34.00 to C$37.00 in a research note published on Monday, MarketBeat Ratings reports. They currently have a buy rating on the basic materials company’s stock.

A number of other equities analysts have also recently issued reports on the company. Canaccord Genuity Group lowered their target price on Barrick Gold from C$33.50 to C$30.00 in a report on Wednesday, January 15th. Royal Bank of Canada increased their price objective on Barrick Gold to C$19.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. UBS Group upgraded Barrick Gold from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. TD Cowen reaffirmed a “buy” rating and set a C$36.00 price target on shares of Barrick Gold in a research note on Tuesday, January 14th. Finally, National Bank Financial raised shares of Barrick Gold to a “hold” rating in a research report on Friday, March 21st. Five analysts have rated the stock with a hold rating, five have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, Barrick Gold has an average rating of “Moderate Buy” and an average target price of C$33.89.

Barrick Gold Stock Performance

Shares of ABX opened at C$28.32 on Monday. The firm’s 50 day moving average price is C$26.83 and its two-hundred day moving average price is C$25.41. The company has a debt-to-equity ratio of 19.83, a quick ratio of 2.62 and a current ratio of 2.65. Barrick Gold has a twelve month low of C$21.73 and a twelve month high of C$29.50. The firm has a market cap of C$34.42 billion, a P/E ratio of 21.32, a PEG ratio of 2.34 and a beta of 0.48.

Insider Activity

In related news, Director Dennis Mark Bristow purchased 230,872 shares of the stock in a transaction on Tuesday, February 25th. The shares were purchased at an average cost of C$25.71 per share, with a total value of C$5,936,042.34. Also, Senior Officer Poupak Bahamin sold 17,633 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of C$25.96, for a total transaction of C$457,781.77. Insiders own 0.60% of the company’s stock.

About Barrick Gold

Barrick Gold Corp is one of the world’s largest gold producers, operating mines in North America, South America, Australia, and Africa. The company segments consist of nine gold mines namely Carlin, Cortez, Turquoise Ridge, Pueblo Viejo, Loulo-Gounkoto, Kibali, Veladero, North Mara, and Bulyanhulu. It generates maximum revenue from the Carlin mine segment.