Barrick Gold (TSE:ABX) Shares Up 3.6% - Should You Buy?

Barrick Gold Co. (TSE:ABX - Get Free Report) NYSE: ABX shares were up 3.6% during mid-day trading on Wednesday . The company traded as high as C$26.37 and last traded at C$25.87. Approximately 1,587,683 shares changed hands during trading, a decline of 54% from the average daily volume of 3,469,223 shares. The stock had previously closed at C$24.98.

Analyst Upgrades and Downgrades

ABX has been the topic of several research reports. Royal Bank of Canada upped their target price on Barrick Gold to C$19.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. TD Cowen restated a "buy" rating and issued a C$36.00 price objective on shares of Barrick Gold in a report on Tuesday, January 14th. UBS Group upgraded shares of Barrick Gold from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. Scotiabank downgraded shares of Barrick Gold from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 21st. Finally, Sanford C. Bernstein raised their price target on shares of Barrick Gold from C$40.00 to C$45.00 in a report on Friday, April 4th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of C$32.50.

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Barrick Gold Trading Up 6.4 %

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 has a 50-day moving average price of C$26.41 and a 200-day moving average price of C$25.38. The company has a market capitalization of C$34.79 billion, a price-to-earnings ratio of 21.55, a P/E/G ratio of 2.34 and a beta of 0.48.

Insider Activity

In other Barrick Gold news, Director Dennis Mark Bristow purchased 230,872 shares of the stock in a transaction on Tuesday, February 25th. The shares were purchased at an average price of C$25.71 per share, with a total value of C$5,936,042.34. Also, Senior Officer Henri Louis Gonin sold 1,000 shares of the stock in a transaction 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. 0.60% of the stock is owned by company 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.