Barrick Gold Co. (TSE:ABX) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Barrick Gold Co. (TSE:ABX) (NYSE:ABX) have been given an average recommendation of “Moderate Buy” by the twelve ratings firms that are presently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$33.89.

ABX has been the subject of several recent research reports. BMO Capital Markets raised shares of Barrick Gold to a “hold” rating in a research report on Tuesday, April 15th. Stifel Canada raised Barrick Gold to a “strong-buy” rating in a research note on Wednesday, March 19th. National Bankshares raised their target price on Barrick Gold from C$27.00 to C$33.00 and gave the company a “sector perform” rating in a report on Wednesday, March 19th. National Bank Financial upgraded Barrick Gold to a “hold” rating in a research note on Friday, March 21st. Finally, TD Cowen reiterated a “buy” rating and issued a C$36.00 target price on shares of Barrick Gold in a research note on Tuesday, January 14th.

Barrick Gold Stock Performance

Shares of Barrick Gold stock opened at C$25.44 on Friday. Barrick Gold has a 1-year low of C$21.73 and a 1-year high of C$29.50. The company has a current ratio of 2.65, a quick ratio of 2.62 and a debt-to-equity ratio of 19.83. The business has a 50-day moving average price of C$26.89 and a two-hundred day moving average price of C$25.36. The company has a market cap of C$30.92 billion, a P/E ratio of 19.16, a PEG ratio of 2.34 and a beta of 0.48.

Insider Buying and Selling

In other Barrick Gold news, Senior Officer Henri Louis Gonin sold 1,000 shares of the business’s stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of C$27.72, for a total transaction of C$27,720.55. Also, Senior Officer Poupak Bahamin sold 17,633 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of C$25.96, for a total value of C$457,781.77. 0.60% of the stock is currently owned by insiders.

Barrick Gold Company Profile

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.