Shares of Barrick Gold Co. (TSE:ABX - Get Free Report) NYSE: ABX have earned an average recommendation of "Moderate Buy" from the thirteen brokerages that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and three have issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$32.50.
Several equities analysts have recently weighed in on ABX shares. Sanford C. Bernstein boosted their target price on Barrick Gold from C$40.00 to C$45.00 in a research report on Friday, April 4th. Royal Bank of Canada boosted their price objective on shares of Barrick Gold to C$19.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. UBS Group upgraded shares of Barrick Gold from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. National Bankshares upped their price target on shares of Barrick Gold from C$27.00 to C$33.00 and gave the company a "sector perform" rating in a report on Wednesday, March 19th. Finally, Scotiabank lowered shares of Barrick Gold from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 21st.
Check Out Our Latest Stock Report on ABX
Insider Activity
In related news, Senior Officer Henri Louis Gonin sold 1,000 shares of the company's stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of C$27.72, for a total value of C$27,720.55. Also, Senior Officer Poupak Bahamin sold 17,633 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of C$25.96, for a total transaction of C$457,781.77. Insiders own 0.60% of the company's stock.
Barrick Gold Trading Up 6.4 %
ABX traded up C$1.73 on Monday, hitting C$28.62. The company had a trading volume of 6,520,556 shares, compared to its average volume of 3,615,426. The business's fifty day simple moving average is C$26.41 and its 200 day simple moving average is C$25.38. The company has a quick ratio of 2.62, a current ratio of 2.65 and a debt-to-equity ratio of 19.83. Barrick Gold has a 12-month low of C$21.73 and a 12-month high of C$29.50. The company has a market cap of C$34.79 billion, a PE ratio of 21.55, a PEG ratio of 2.34 and a beta of 0.48.
About Barrick Gold
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Get Free ReportBarrick Gold Corp is one of the world's largest gold producers, operating mines in North America, South America, Australia, and Africa. The company segments consist of nine gold mines namely Carlin, Cortez, Turquoise Ridge, Pueblo Viejo, Loulo-Gounkoto, Kibali, Veladero, North Mara, and Bulyanhulu. It generates maximum revenue from the Carlin mine segment.
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