Shares of Barrick Gold Co. (TSE:ABX - Get Free Report) NYSE: ABX have been given an average rating of "Moderate Buy" by the eleven brokerages that are covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$30.73.
A number of research firms recently weighed in on ABX. National Bankshares lowered their target price on shares of Barrick Gold from C$26.00 to C$24.00 and set a "sector perform" rating on the stock in a research note on Thursday, January 16th. Scotiabank lowered Barrick Gold from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 21st. Sanford C. Bernstein decreased their target price on Barrick Gold from C$37.00 to C$36.00 in a research note on Tuesday, November 5th. Royal Bank of Canada boosted their price target on Barrick Gold to C$19.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. Finally, Cibc World Mkts lowered shares of Barrick Gold from a "strong-buy" rating to a "hold" rating in a report on Monday, November 25th.
Read Our Latest Analysis on ABX
Insider Activity at Barrick Gold
In related news, Senior Officer Poupak Bahamin sold 2,500 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of C$24.49, for a total value of C$61,215.00. Also, Director Dennis Mark Bristow bought 85,296 shares of the company's stock in a transaction on Thursday, November 21st. The shares were acquired at an average price of C$25.03 per share, with a total value of C$2,135,291.53. 0.60% of the stock is owned by insiders.
Barrick Gold Stock Performance
ABX traded up C$0.65 during mid-day trading on Friday, reaching C$26.71. 2,615,907 shares of the company traded hands, compared to its average volume of 3,193,682. The stock has a market capitalization of C$32.46 billion, a P/E ratio of 20.11, a P/E/G ratio of 2.34 and a beta of 0.48. Barrick Gold has a 52-week low of C$19.37 and a 52-week high of C$29.50. 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 company's fifty day moving average price is C$23.39 and its 200-day moving average price is C$25.23.
Barrick Gold Company Profile
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Get Free ReportBarrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties in Canada and internationally. The company also explores and sells silver and energy materials. It has ownership interests in producing gold mines located in Argentina, Canada, Côte d'Ivoire, the Democratic Republic of Congo, the Dominican Republic, Mali, Tanzania, and the United States.
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