Barrick Gold (TSE:ABX - Get Free Report) NYSE: ABX was upgraded by Stifel Canada to a "strong-buy" rating in a research note issued on Wednesday,Zacks.com reports. Stifel Canada also issued estimates for Barrick Gold's FY2025 earnings at $1.96 EPS, FY2026 earnings at $2.07 EPS, FY2027 earnings at $1.77 EPS and FY2028 earnings at $2.06 EPS.
Other equities research analysts have also issued research reports about the stock. Canaccord Genuity Group cut their target price on shares of Barrick Gold from C$33.50 to C$30.00 in a research note on Wednesday, January 15th. Royal Bank of Canada upped their target price on Barrick Gold to C$19.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. Stifel Nicolaus dropped their price target on Barrick Gold from C$33.50 to C$32.00 in a research report on Monday, December 2nd. Cibc World Mkts downgraded Barrick Gold from a "strong-buy" rating to a "hold" rating in a report on Monday, November 25th. Finally, National Bankshares boosted their target price on shares of 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. Three analysts have rated the stock with a hold rating, six have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of C$31.55.
Check Out Our Latest Research Report on Barrick Gold
Barrick Gold Trading Up 0.1 %
Shares of ABX stock traded up C$0.03 during mid-day trading on Wednesday, reaching C$27.08. The stock had a trading volume of 3,494,157 shares, compared to its average volume of 3,467,741. The firm has a market capitalization of C$32.91 billion, a PE ratio of 20.39, a price-to-earnings-growth ratio of 2.34 and a beta of 0.48. The stock's 50-day moving average price is C$25.21 and its two-hundred day moving average price is C$25.38. 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 52-week low of C$21.09 and a 52-week high of C$29.50.
Insiders Place Their Bets
In other news, Director Dennis Mark Bristow acquired 230,872 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The stock was bought at an average price of C$25.71 per share, with a total value of C$5,936,042.34. Also, Senior Officer Poupak Bahamin sold 17,633 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of C$25.96, for a total value of C$457,781.77. Corporate insiders own 0.60% of the company's stock.
About Barrick Gold
(
Get Free Report)
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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