Barrick Gold Co. (TSE:ABX) Receives Consensus Rating of “Buy” from Analysts

Shares of Barrick Gold Co. (TSE:ABX) (NYSE:ABX) have been assigned an average recommendation of “Buy” from the fourteen analysts that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and six have issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$79.63.

A number of research firms recently weighed in on ABX. National Bank Financial decreased their price objective on Barrick Gold from C$82.50 to C$75.00 and set an “outperform” rating for the company in a report on Tuesday, February 10th. Cormark upped their price target on Barrick Gold from C$66.00 to C$78.00 in a research report on Tuesday, November 25th. Canaccord Genuity Group decreased their price target on Barrick Gold from C$80.00 to C$77.00 in a research note on Wednesday, February 18th. Citigroup upgraded Barrick Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 24th. Finally, BNP Paribas Exane raised Barrick Gold to a “strong-buy” rating in a research note on Friday, December 5th.

Insider Buying and Selling

In other news, insider Graham Patrick Shuttleworth sold 100,000 shares of the company’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of C$64.72, for a total value of C$6,472,000.00. Following the sale, the insider directly owned 487,252 shares of the company’s stock, valued at approximately C$31,534,949.44. This represents a 17.03% decrease in their position. Also, Director Pekka Juhani Vauramo acquired 12,400 shares of the firm’s stock in a transaction dated Thursday, February 12th. The shares were purchased at an average price of C$65.41 per share, with a total value of C$811,084.00. Following the completion of the transaction, the director 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. 0.60% of the stock is currently owned by insiders.

Barrick Gold Stock Up 0.5%

Shares of TSE ABX opened at C$69.21 on Friday. The company has a 50 day simple moving average of C$65.52 and a 200 day simple moving average of C$53.37. The company has a debt-to-equity ratio of 19.83, a current ratio of 2.65 and a quick ratio of 2.62. Barrick Gold has a 1 year low of C$24.28 and a 1 year high of C$74.00. The firm has a market cap of C$115.95 billion, a PE ratio of 23.62, a price-to-earnings-growth ratio of 2.34 and a beta of 1.47.

Barrick Gold (TSE:ABX) (NYSE:ABX) last announced its quarterly earnings results on Thursday, February 5th. The basic materials company reported C$1.43 earnings per share (EPS) for the quarter. The firm had revenue of C$8.01 billion during the quarter. Barrick Gold had a net margin of 13.19% and a return on equity of 6.90%. On average, research analysts forecast 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.