Barrick Gold (TSE:ABX) Given New C$77.00 Price Target at Canaccord Genuity Group

Barrick Gold (TSE:ABX) (NYSE:ABX) had its target price reduced by Canaccord Genuity Group from C$80.00 to C$77.00 in a research report report published on Wednesday,BayStreet.CA reports.

Other analysts have also issued reports about the stock. Cormark boosted their price target on shares of Barrick Gold from C$66.00 to C$78.00 in a research note on Tuesday, November 25th. Scotiabank raised shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 23rd. BNP Paribas Exane upgraded shares of Barrick Gold to a “strong-buy” rating in a report on Friday, December 5th. Stifel Nicolaus raised their price target on shares of Barrick Gold from C$65.00 to C$95.00 and gave the company a “buy” rating in a research report on Tuesday, February 10th. Finally, ATB Cormark Capital Markets dropped their price target on shares of Barrick Gold from C$100.00 to C$94.00 and set a “moderate buy” rating for the company in a research note on Monday, February 9th. Six 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$74.38.

Barrick Gold Trading Up 4.0%

ABX opened at C$66.16 on Wednesday. Barrick Gold has a 52 week low of C$24.28 and a 52 week high of C$74.00. 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 business has a fifty day simple moving average of C$64.42 and a 200-day simple moving average of C$51.59. The firm has a market cap of C$110.84 billion, a P/E ratio of 22.58, a P/E/G ratio of 2.34 and a beta of 1.47.

Insider Activity at Barrick Gold

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