Barrick Gold (TSE:ABX) Given New C$91.00 Price Target at JPMorgan Chase & Co.

Barrick Gold (TSE:ABX) (NYSE:ABX) had its price target lifted by JPMorgan Chase & Co. from C$89.00 to C$91.00 in a research note issued to investors on Wednesday,BayStreet.CA reports.

Several other equities research analysts also recently issued reports on ABX. Citigroup upgraded Barrick Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, November 24th. ATB Cormark Capital Markets decreased their target price on Barrick Gold from C$100.00 to C$94.00 and set a “moderate buy” rating for the company in a research report on Monday, February 9th. DZ Bank raised Barrick Gold to a “strong-buy” rating in a report on Monday, January 19th. BNP Paribas Exane upgraded shares of Barrick Gold to a “strong-buy” rating in a research note on Friday, December 5th. Finally, National Bank Financial lowered their price target on shares of Barrick Gold from C$82.50 to C$75.00 and set an “outperform” rating on the stock in a report on Tuesday, February 10th. Six research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$74.25.

Barrick Gold Stock Performance

TSE ABX opened at C$68.14 on Wednesday. The company has a market cap of C$114.16 billion, a P/E ratio of 23.26, a PEG ratio of 2.34 and a beta of 1.47. The company has a fifty day simple moving average of C$65.20 and a 200 day simple moving average of C$52.85. The company has a current ratio of 2.65, a quick ratio of 2.62 and a debt-to-equity ratio of 19.83. Barrick Gold has a 12-month low of C$24.28 and a 12-month high of C$74.00.

Barrick Gold (TSE:ABX) (NYSE:ABX) last released its quarterly earnings data on Thursday, February 5th. The basic materials company reported C$1.43 earnings per share for the quarter. Barrick Gold had a net margin of 13.19% and a return on equity of 6.90%. The firm had revenue of C$8.01 billion for the quarter. Sell-side analysts predict that Barrick Gold will post 2.2422764 earnings per share for the current fiscal year.

Insider Activity

In other Barrick Gold news, insider Graham Patrick Shuttleworth sold 100,000 shares of the business’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of C$64.72, for a total transaction of C$6,472,000.00. Following the transaction, the insider directly owned 487,252 shares of the company’s stock, valued at approximately C$31,534,949.44. The trade was a 17.03% decrease in their position. Also, Director Pekka Juhani Vauramo acquired 12,400 shares of the stock in a transaction on Thursday, February 12th. The stock was bought at an average price of C$65.41 per share, with a total value of C$811,084.00. Following the completion of the acquisition, the director directly owned 12,400 shares of the company’s stock, valued at C$811,084. This trade represents a ∞ increase in their ownership of the stock. Corporate insiders own 0.60% of the company’s stock.

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.