Barrick Gold Co. (TSE:ABX) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Barrick Gold Co. (TSE:ABX) (NYSE:ABX) have received a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are covering the firm, MarketBeat.com reports. 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. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$33.13.

A number of analysts recently issued reports on ABX shares. National Bank Financial upgraded shares of Barrick Gold to a “hold” rating in a research report on Friday, March 21st. BMO Capital Markets upgraded shares of Barrick Gold to a “hold” rating in a research report on Tuesday, April 15th. Stifel Canada upgraded shares of Barrick Gold to a “strong-buy” rating in a research report on Wednesday, March 19th. Sanford C. Bernstein decreased their target price on shares of Barrick Gold from C$45.00 to C$43.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. Finally, Stifel Nicolaus raised their target price on shares of Barrick Gold from C$34.00 to C$37.00 and gave the stock a “buy” rating in a research report on Monday, April 21st.

Barrick Gold Trading Down 0.9%

Shares of ABX stock opened at C$28.83 on Wednesday. The firm has a 50-day moving average price of C$27.55 and a 200 day moving average price of C$26.22. Barrick Gold has a twelve month low of C$21.73 and a twelve month high of C$29.60. The company has a market capitalization of C$35.04 billion, a price-to-earnings ratio of 21.71, a PEG ratio of 2.34 and a beta of 0.48. The company has a current ratio of 2.65, a quick ratio of 2.62 and a debt-to-equity ratio of 19.83.

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.