Barrick Gold (TSE:ABX) Price Target Raised to C$37.00 at Stifel Nicolaus

Barrick Gold (TSE:ABX - Get Free Report) NYSE: ABX had its target price increased by equities research analysts at Stifel Nicolaus from C$34.00 to C$37.00 in a research report issued on Monday, Marketbeat Ratings reports. The brokerage presently has a "buy" rating on the basic materials company's stock. Stifel Nicolaus' target price would suggest a potential upside of 40.05% from the company's current price.

A number of other research analysts also recently weighed in on ABX. UBS Group upgraded Barrick Gold from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Stifel Canada upgraded Barrick Gold to a "strong-buy" rating in a report on Wednesday, March 19th. Scotiabank cut shares of Barrick Gold from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 21st. Sanford C. Bernstein increased their price target on shares of Barrick Gold from C$40.00 to C$45.00 in a research note on Friday, April 4th. Finally, National Bank Financial raised shares of Barrick Gold to a "hold" rating in a research note on Friday, March 21st. Five analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of C$33.89.

Barrick Gold Trading Down 1.8 %

TSE ABX traded down C$0.48 during trading on Monday, hitting C$26.42. The company had a trading volume of 452,722 shares, compared to its average volume of 3,589,689. The company's fifty day moving average is C$26.91 and its 200-day moving average is C$25.42. The company has a market cap of C$32.11 billion, a price-to-earnings ratio of 19.89, a price-to-earnings-growth ratio of 2.34 and a beta of 0.48. The company has a current ratio of 2.65, a quick ratio of 2.62 and a debt-to-equity ratio of 19.83. Barrick Gold has a one year low of C$21.73 and a one year high of C$29.50.

Insider Buying and Selling

In related news, Senior Officer Poupak Bahamin sold 17,633 shares of Barrick Gold stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of C$25.96, for a total value of C$457,781.77. Also, Director Dennis Mark Bristow bought 230,872 shares of the 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.