Barrick Gold (TSE:ABX) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Shares of Barrick Gold Co. (TSE:ABX) (NYSE:ABX) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$25.35 and traded as high as C$27.69. Barrick Gold shares last traded at C$27.67, with a volume of 2,364,875 shares traded.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ABX. Royal Bank of Canada upped their target price on Barrick Gold to C$19.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. UBS Group upgraded shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Sanford C. Bernstein dropped their price objective on shares of Barrick Gold from C$45.00 to C$43.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. BMO Capital Markets raised shares of Barrick Gold to a “hold” rating in a report on Tuesday, April 15th. Finally, Stifel Nicolaus boosted their price objective on Barrick Gold from C$34.00 to C$37.00 and gave the company a “buy” rating in a report on Monday, April 21st. Five research analysts have rated the stock with a hold rating, five have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, Barrick Gold presently has an average rating of “Moderate Buy” and an average price target of C$33.67.

Barrick Gold Trading Up 0.9%

The company has a fifty day moving average of C$26.58 and a 200-day moving average of C$25.35. 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 company has a market capitalization of C$33.63 billion, a price-to-earnings ratio of 20.83, a PEG ratio of 2.34 and a beta of 0.48.

Insider Buying and Selling

In other news, Senior Officer Henri Louis Gonin sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of C$27.72, for a total transaction of C$27,720.55. 0.60% of the stock is owned by company 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.