Barrick Gold Co. (TSE:ABX) Receives C$33.14 Consensus Price Target from Brokerages

Shares of Barrick Gold Co. (TSE:ABX) (NYSE:ABX) have been assigned a consensus recommendation of “Buy” from the thirteen analysts that are currently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation, five have given a buy recommendation and four have issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$33.14.

A number of analysts have weighed in on ABX shares. 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 for the company in a research report on Friday, May 2nd. Stifel Nicolaus raised their price objective on Barrick Gold from C$34.00 to C$37.00 and gave the company a “buy” rating in a research note on Monday, April 21st. Finally, Cibc World Mkts upgraded Barrick Gold from a “hold” rating to a “strong-buy” rating in a research note on Tuesday.

Barrick Gold Stock Up 2.0%

ABX stock opened at C$33.31 on Wednesday. The stock has a market capitalization of C$40.49 billion, a P/E ratio of 25.08, a price-to-earnings-growth 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 has a 12 month low of C$21.73 and a 12 month high of C$33.33. The firm has a 50-day moving average price of C$29.46 and a 200-day moving average price of C$27.41.

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.