BMO Capital Markets Upgrades Barrick Gold (TSE:ABX) to "Hold"

BMO Capital Markets upgraded shares of Barrick Gold (TSE:ABX - Free Report) NYSE: ABX to a hold rating in a research note issued to investors on Tuesday, April 15th,Zacks.com reports.

Several other equities research analysts also recently issued reports on ABX. Scotiabank downgraded shares of Barrick Gold from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 21st. Royal Bank of Canada boosted their price objective on shares of Barrick Gold to C$19.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. Sanford C. Bernstein lifted their target price on Barrick Gold from C$40.00 to C$45.00 in a research report on Friday, April 4th. National Bankshares upped their price target on Barrick Gold from C$27.00 to C$33.00 and gave the company a "sector perform" rating in a report on Wednesday, March 19th. Finally, Canaccord Genuity Group decreased their price objective on Barrick Gold from C$33.50 to C$30.00 in a report on Wednesday, January 15th. Five investment analysts have rated the stock with a hold rating, five have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of C$33.89.

Barrick Gold Stock Performance

Barrick Gold stock traded down C$0.33 on Tuesday, reaching C$27.99. 1,471,992 shares of the stock were exchanged, compared to its average volume of 3,616,358. 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 fifty day moving average price of C$26.83 and a two-hundred day moving average price of C$25.41. The stock has a market cap of C$34.02 billion, a PE ratio of 21.08, a PEG ratio of 2.34 and a beta of 0.48. Barrick Gold has a twelve month low of C$21.73 and a twelve month high of C$29.50.

Insiders Place Their Bets

In related news, Senior Officer Henri Louis Gonin sold 1,000 shares of the firm's stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of C$27.72, for a total value of C$27,720.55. Also, Senior Officer Poupak Bahamin sold 17,633 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of C$25.96, for a total value of C$457,781.77. Insiders own 0.60% of the company's stock.

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.