BMO Capital Markets Issues Positive Forecast for Barrick Gold (TSE:ABX) Stock Price

Barrick Gold (TSE:ABX) (NYSE:ABX) had its price target hoisted by BMO Capital Markets from C$37.00 to C$41.00 in a research report report published on Monday morning,BayStreet.CA reports.

A number of other equities research analysts also recently weighed in on ABX. Cormark lifted their target price on Barrick Gold from C$35.00 to C$45.00 in a report on Thursday, September 18th. Cibc World Mkts raised Barrick Gold from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 12th. Three equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$37.33.

Barrick Gold Stock Up 7.4%

ABX opened at C$48.94 on Monday. Barrick Gold has a fifty-two week low of C$21.73 and a fifty-two week high of C$49.33. The company has a debt-to-equity ratio of 19.83, a quick ratio of 2.62 and a current ratio of 2.65. The company has a market capitalization of C$83.49 billion, a P/E ratio of 30.78, a P/E/G ratio of 2.34 and a beta of 0.72. The stock has a fifty day moving average of C$34.61 and a 200-day moving average of C$29.84.

Insiders Place Their Bets

In other Barrick Gold news, insider Grant Bill Beringer sold 38,000 shares of Barrick Gold stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of C$41.13, for a total value of C$1,562,959.00. Following the transaction, the insider owned 107,047 shares in the company, valued at C$4,402,896.63. The trade was a 26.20% decrease in their ownership of the stock. Also, insider Rousseau Jooste sold 3,000 shares of Barrick Gold stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of C$40.70, for a total value of C$122,112.00. Following the completion of the transaction, the insider owned 58,237 shares in the company, valued at approximately C$2,370,478.85. This represents a 4.90% decrease in their position. In the last three months, insiders have sold 62,990 shares of company stock worth $2,580,075. 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.