Barrick Gold Co. (TSE:ABX) Receives Consensus Rating of “Buy” from Analysts

Shares of Barrick Gold Co. (TSE:ABX) (NYSE:ABX) have been given an average rating of “Buy” by the fifteen ratings firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and seven have assigned a strong buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$53.69.

ABX has been the topic of a number of recent research reports. Citigroup raised shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, November 24th. Scotiabank raised Barrick Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 23rd. Canaccord Genuity Group upped their price target on shares of Barrick Gold from C$68.00 to C$70.00 in a research note on Monday, December 1st. BNP Paribas upgraded shares of Barrick Gold to a “strong-buy” rating in a research note on Friday, December 5th. Finally, National Bankshares increased their target price on shares of Barrick Gold from C$65.00 to C$77.50 and gave the company an “outperform” rating in a report on Tuesday, December 9th.

Barrick Gold Trading Up 0.6%

Shares of TSE:ABX opened at C$59.63 on Tuesday. The firm has a fifty day moving average of C$50.83 and a two-hundred day moving average of C$39.81. The company has a quick ratio of 2.62, a current ratio of 2.65 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$60.90. The firm has a market capitalization of C$101.73 billion, a P/E ratio of 28.67, a price-to-earnings-growth ratio of 2.34 and a beta of 1.28.

Barrick Gold (TSE:ABX) (NYSE:ABX) last issued its earnings results on Monday, November 10th. The basic materials company reported C$0.58 EPS for the quarter. The business had revenue of C$3.41 billion during the quarter. Barrick Gold had a return on equity of 6.90% and a net margin of 13.19%. On average, equities analysts expect that Barrick Gold will post 2.2422764 EPS for the current fiscal year.

Insider Activity

In other Barrick Gold news, insider Grant Bill Beringer sold 38,000 shares of the business’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of C$41.13, for a total transaction of C$1,562,959.00. Following the completion of the sale, the insider directly owned 107,047 shares in the company, valued at C$4,402,896.63. The trade was a 26.20% decrease in their position. Also, insider Rousseau Jooste sold 3,000 shares of Barrick Gold stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of C$40.70, for a total transaction of C$122,112.00. Following the transaction, the insider owned 58,237 shares in the company, valued at C$2,370,478.85. This represents a 4.90% decrease in their position. Insiders have sold a total of 62,990 shares of company stock valued at $2,580,075 in the last quarter. 0.60% of the stock is owned by company insiders.

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.