Barrick Gold (TSE:ABX) Given New C$33.00 Price Target at National Bankshares

Barrick Gold (TSE:ABX - Get Free Report) NYSE: ABX had its target price raised by National Bankshares from C$27.00 to C$33.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm currently has a "sector perform" rating on the basic materials company's stock. National Bankshares' price objective would suggest a potential upside of 22.00% from the company's previous close.

Several other analysts also recently weighed in on ABX. Canaccord Genuity Group decreased their target price on Barrick Gold from C$33.50 to C$30.00 in a research report on Wednesday, January 15th. Stifel Nicolaus decreased their price objective on shares of Barrick Gold from C$33.50 to C$32.00 in a report on Monday, December 2nd. Scotiabank downgraded shares of Barrick Gold from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 21st. UBS Group raised shares of Barrick Gold from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. Finally, Royal Bank of Canada increased their price objective on Barrick Gold to C$19.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of C$31.55.

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Barrick Gold Trading Down 2.0 %

TSE ABX traded down C$0.54 during trading on Wednesday, hitting C$27.05. The stock had a trading volume of 8,908,593 shares, compared to its average volume of 3,467,269. The stock has a market capitalization of C$32.88 billion, a price-to-earnings ratio of 20.37, a P/E/G ratio of 2.34 and a beta of 0.48. The stock has a 50 day simple moving average of C$25.11 and a 200 day simple moving average of C$25.38. Barrick Gold has a one year low of C$21.08 and a one year high of C$29.50. The company has a debt-to-equity ratio of 19.83, a quick ratio of 2.62 and a current ratio of 2.65.

Insider Activity at Barrick Gold

In related news, Senior Officer Poupak Bahamin sold 17,633 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of C$25.96, for a total transaction of C$457,781.77. Also, Director Dennis Mark Bristow purchased 230,872 shares of the business's stock in a transaction on Tuesday, February 25th. The stock was purchased at an average cost of C$25.71 per share, for a total transaction of C$5,936,042.34. 0.60% of the stock is owned by corporate insiders.

Barrick Gold Company Profile

Barrick 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.