UBS Group upgraded shares of Barrick Gold (TSE:ABX - Free Report) NYSE: ABX from a hold rating to a strong-buy rating in a research note issued to investors on Wednesday,Zacks.com reports.
Other equities research analysts have also issued reports about the company. Sanford C. Bernstein decreased their price target on Barrick Gold from C$37.00 to C$36.00 in a research report on Tuesday, November 5th. TD Cowen reissued a "buy" rating and issued a C$36.00 price objective on shares of Barrick Gold in a research note on Tuesday, January 14th. Stifel Nicolaus lowered their target price on Barrick Gold from C$33.50 to C$32.00 in a research note on Monday, December 2nd. Royal Bank of Canada lifted their price target on Barrick Gold to C$19.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. Finally, Canaccord Genuity Group decreased their price objective on shares of Barrick Gold from C$33.50 to C$30.00 in a report on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Barrick Gold has an average rating of "Moderate Buy" and a consensus target price of C$30.73.
Check Out Our Latest Stock Report on ABX
Barrick Gold Price Performance
Shares of Barrick Gold stock traded down C$0.48 during mid-day trading on Wednesday, reaching C$26.26. 5,072,110 shares of the stock were exchanged, compared to its average volume of 3,352,840. The company has a market cap of C$31.92 billion, a price-to-earnings ratio of 19.77, a price-to-earnings-growth ratio of 2.34 and a beta of 0.48. Barrick Gold has a fifty-two week low of C$20.65 and a fifty-two week high of C$29.50. The company has a current ratio of 2.65, a quick ratio of 2.62 and a debt-to-equity ratio of 19.83. The firm has a 50-day simple moving average of C$24.21 and a 200 day simple moving average of C$25.36.
Insider Activity
In other Barrick Gold news, Senior Officer Poupak Bahamin sold 17,633 shares of Barrick Gold 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. Also, Director Dennis Mark Bristow purchased 230,872 shares of the stock in a transaction on Tuesday, February 25th. The stock was acquired at an average price of C$25.71 per share, with a total value of C$5,936,042.34. 0.60% of the stock is currently owned by company insiders.
Barrick Gold Company Profile
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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.
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