Barrick Gold (TSE:ABX) Price Target Raised to C$95.00 at Stifel Nicolaus

Barrick Gold (TSE:ABX) (NYSE:ABX) had its target price increased by Stifel Nicolaus from C$65.00 to C$95.00 in a research report sent to investors on Tuesday,BayStreet.CA reports. They currently have a buy rating on the basic materials company’s stock.

Other equities research analysts also recently issued research reports about the company. DZ Bank raised Barrick Gold to a “strong-buy” rating in a report on Monday, January 19th. Citigroup upgraded shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 24th. BNP Paribas Exane raised shares of Barrick Gold to a “strong-buy” rating in a report on Friday, December 5th. Scotiabank raised shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 23rd. Finally, ATB Capital decreased their target price on shares of Barrick Gold from C$100.00 to C$94.00 and set an “outperform” rating for the company in a research report on Monday. Seven equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$67.44.

Barrick Gold Price Performance

Shares of ABX stock opened at C$63.74 on Tuesday. Barrick Gold has a fifty-two week low of C$24.28 and a fifty-two week high of C$74.00. 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 has a market capitalization 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 stock’s 50-day simple moving average is C$63.49 and its 200-day simple moving average is C$50.26.

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 net margin of 13.19% and a return on equity of 6.90%. The firm had revenue of C$3.41 billion for the quarter. As a group, equities analysts forecast 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.