Barrick Gold Co. (TSE:ABX - Get Free Report) NYSE: ABX's stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$25.42 and traded as high as C$28.26. Barrick Gold shares last traded at C$27.78, with a volume of 2,228,551 shares traded.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on ABX shares. National Bankshares upped their price objective on shares of Barrick Gold from C$27.00 to C$33.00 and gave the company a "sector perform" rating in a research note on Wednesday, March 19th. Scotiabank downgraded Barrick Gold from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 21st. National Bank Financial upgraded Barrick Gold to a "hold" rating in a report on Friday, March 21st. Sanford C. Bernstein lifted their price target on Barrick Gold from C$40.00 to C$45.00 in a report on Friday, April 4th. Finally, Stifel Canada raised shares of Barrick Gold to a "strong-buy" rating in a report on Wednesday, March 19th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of C$32.50.
View Our Latest Report on ABX
Barrick Gold Stock Up 5.8 %
The business's 50 day moving average price is C$26.15 and its 200-day moving average price is C$25.39. The company has a debt-to-equity ratio of 19.83, a quick ratio of 2.62 and a current ratio of 2.65. The firm has a market capitalization of C$32.12 billion, a PE ratio of 19.90, a P/E/G ratio of 2.34 and a beta of 0.48.
Insider Buying and Selling at Barrick Gold
In other Barrick Gold news, Senior Officer Henri Louis Gonin sold 1,000 shares of the stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of C$27.72, for a total transaction of C$27,720.55. Also, Senior Officer Poupak Bahamin sold 17,633 shares of the business's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of C$25.96, for a total transaction of C$457,781.77. 0.60% of the stock is owned by corporate 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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