Barrick Gold (TSE:ABX) Price Target Raised to C$65.00 at Stifel Nicolaus

Barrick Gold (TSE:ABX) (NYSE:ABX) had its price objective upped by Stifel Nicolaus from C$46.00 to C$65.00 in a report published on Monday morning,BayStreet.CA reports.

A number of other research firms also recently issued reports on ABX. Canaccord Genuity Group boosted their price target on shares of Barrick Gold from C$39.00 to C$57.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. BMO Capital Markets boosted their price target on shares of Barrick Gold from C$37.00 to C$41.00 in a research note on Monday, September 22nd. Cibc World Mkts raised shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 12th. National Bank Financial raised shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 19th. Finally, Cormark upped their target price on shares of Barrick Gold from C$35.00 to C$45.00 in a research note on Thursday, September 18th. Four research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of C$46.38.

Barrick Gold Price Performance

Barrick Gold stock opened at C$48.76 on Monday. The company’s 50 day simple moving average is C$41.56 and its 200-day simple moving average is C$32.63. The company has a market capitalization of C$83.18 billion, a price-to-earnings ratio of 30.67, a price-to-earnings-growth ratio of 2.34 and a beta of 1.06. Barrick Gold has a 1 year low of C$21.73 and a 1 year high of C$51.09. The company has a debt-to-equity ratio of 19.83, a quick ratio of 2.62 and a current ratio of 2.65.

Insider Activity

In other Barrick Gold news, insider Rousseau Jooste sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of C$40.70, for a total transaction of C$122,112.00. Following the completion of the transaction, the insider owned 58,237 shares in the company, valued at C$2,370,478.85. The trade was a 4.90% decrease in their position. Also, insider Joel James Holliday sold 13,588 shares of the business’s stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of C$40.38, for a total transaction of C$548,735.07. Following the transaction, the insider owned 84,087 shares of the company’s stock, valued at C$3,395,752.59. This trade represents a 13.91% decrease in their position. Over the last quarter, insiders have sold 62,990 shares of company stock worth $2,580,075. Insiders own 0.60% of the company’s stock.

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.