Barrick Gold (TSE:ABX) Price Target Lowered to C$75.00 at National Bankshares

Barrick Gold (TSE:ABX) (NYSE:ABX) had its target price cut by National Bankshares from C$82.50 to C$75.00 in a research note published on Tuesday morning,BayStreet.CA reports. They currently have an outperform rating on the basic materials company’s stock.

ABX has been the subject of a number of other research reports. BNP Paribas Exane raised Barrick Gold to a “strong-buy” rating in a report on Friday, December 5th. Canaccord Genuity Group upped their price target on shares of Barrick Gold from C$68.00 to C$70.00 in a report on Monday, December 1st. Stifel Nicolaus boosted their target price on Barrick Gold from C$46.00 to C$65.00 in a research report on Monday, October 20th. Cormark raised their price target on Barrick Gold from C$66.00 to C$78.00 in a report on Tuesday, November 25th. Finally, Citigroup raised Barrick Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, November 24th. Seven analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$67.44.

Barrick Gold Price Performance

Shares of TSE ABX opened at C$63.74 on Tuesday. 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 firm’s 50-day simple moving average is C$63.49 and its 200 day simple moving average is C$50.26. The stock has a market cap of C$106.79 billion, a price-to-earnings ratio of 21.75, a PEG ratio of 2.34 and a beta of 1.47. Barrick Gold has a fifty-two week low of C$24.28 and a fifty-two week high of C$74.00.

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