Barrick Gold (TSE:ABX) Raised to Moderate Buy at Atb Cormark Cm

Barrick Gold (TSE:ABX) (NYSE:ABX) was upgraded by equities research analysts at Atb Cormark Cm to a “moderate buy” rating in a report issued on Monday,Zacks.com reports.

A number of other equities research analysts have also recently commented on the stock. ATB Capital dropped their price objective on shares of Barrick Gold from C$100.00 to C$94.00 and set an “outperform” rating on the stock in a research note on Monday. Citigroup raised shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, November 24th. National Bankshares raised their price target on shares of Barrick Gold from C$77.50 to C$82.50 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. DZ Bank upgraded shares of Barrick Gold to a “strong-buy” rating in a research report on Monday, January 19th. Finally, Canaccord Genuity Group raised their target price on Barrick Gold from C$68.00 to C$70.00 in a research report on Monday, December 1st. Seven investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$67.44.

Barrick Gold Price Performance

TSE:ABX opened at C$63.74 on Monday. The firm’s fifty day moving average is C$63.49 and its two-hundred day moving average is C$50.26. The firm 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. 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 has a one year low of C$24.28 and a one year high of C$74.00.

Barrick Gold (TSE:ABX) (NYSE:ABX) last released 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 expect 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.