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

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) has been given an average recommendation of “Buy” by the fifteen brokerages that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and seven have assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$60.69.

A number of brokerages have weighed in on ABX. Scotiabank raised shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 23rd. 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 research note on Tuesday, December 9th. DZ Bank upgraded shares of Barrick Gold to a “strong-buy” rating in a report on Monday, January 19th. JPMorgan Chase & Co. set a C$92.00 price target on shares of Barrick Gold and gave the stock an “overweight” rating in a research report on Thursday, January 29th. Finally, Cormark increased their price objective on Barrick Gold from C$66.00 to C$78.00 in a research report on Tuesday, November 25th.

Barrick Gold Stock Performance

Shares of TSE ABX opened at C$64.85 on Wednesday. Barrick Gold has a 1 year low of C$23.68 and a 1 year high of C$74.00. The firm has a market cap of C$110.63 billion, a P/E ratio of 31.18, a PEG ratio of 2.34 and a beta of 1.47. The stock has a fifty day moving average price of C$63.00 and a two-hundred day moving average price of C$49.08. The company has a debt-to-equity ratio of 19.83, a quick ratio of 2.62 and a current ratio of 2.65.

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

About Barrick Gold

Barrick is a leading global mining, exploration and development company. With one of the largest portfolios of world-class and long-life gold and copper assets in the industry – including six of the world’s Tier One gold mines -Barrick’s operations and projects span 18 countries and five continents. Barrick is also the largest gold producer in the United States. We create real, long-term value for all stakeholders through responsible mining, strong partnerships and a disciplined approach to growth.