Barrick Gold (TSE:ABX) Price Target Cut to C$94.00 by Analysts at ATB Capital

Barrick Gold (TSE:ABX) (NYSE:ABX) had its price objective cut by ATB Capital from C$100.00 to C$94.00 in a research report released on Monday,BayStreet.CA reports. They currently have an outperform rating on the basic materials company’s stock.

A number of other equities analysts have also commented on the company. Cormark raised their price target on Barrick Gold from C$66.00 to C$78.00 in a report on Tuesday, November 25th. Stifel Nicolaus raised their target price on Barrick Gold from C$46.00 to C$65.00 in a research note on Monday, October 20th. National Bankshares lifted their target price on Barrick Gold from C$77.50 to C$82.50 and gave the company an “outperform” rating in a report on Wednesday, February 4th. Citigroup upgraded Barrick Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 24th. Finally, Scotiabank upgraded shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 23rd. Seven equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$64.94.

Barrick Gold Price Performance

Shares of TSE:ABX opened at C$63.27 on Monday. The firm has a market capitalization of C$106.00 billion, a PE ratio of 21.59, a P/E/G ratio of 2.34 and a beta of 1.47. The company has a quick ratio of 2.62, a current ratio of 2.65 and a debt-to-equity ratio of 19.83. The company has a 50-day moving average price of C$63.36 and a two-hundred day moving average price of C$50.02. Barrick Gold has a twelve month low of C$24.28 and a twelve month high of C$74.00.

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

Barrick Gold Company Profile

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.