Sanford C. Bernstein Raises Barrick Gold (TSE:ABX) Price Target to C$45.00

Barrick Gold (TSE:ABX - Get Free Report) NYSE: ABX had its target price raised by stock analysts at Sanford C. Bernstein from C$40.00 to C$45.00 in a research report issued on Friday,BayStreet.CA reports. Sanford C. Bernstein's price target suggests a potential upside of 69.62% from the company's current price.

Other equities research analysts have also recently issued research reports about the company. UBS Group raised Barrick Gold from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. TD Cowen reiterated a "buy" rating and issued a C$36.00 target price on shares of Barrick Gold in a research note on Tuesday, January 14th. Royal Bank of Canada lifted their target price on shares of Barrick Gold to C$19.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. Stifel Canada upgraded shares of Barrick Gold to a "strong-buy" rating in a report on Wednesday, March 19th. Finally, National Bank Financial upgraded Barrick Gold to a "hold" rating in a research note on Friday, March 21st. Four research analysts have rated the stock with a hold rating, six have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$32.50.

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Barrick Gold Stock Up 6.2 %

Shares of TSE:ABX traded up C$1.55 on Friday, reaching C$26.53. The company had a trading volume of 5,887,587 shares, compared to its average volume of 3,536,703. 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 stock has a market capitalization of C$32.25 billion, a P/E ratio of 19.98, a P/E/G ratio of 2.34 and a beta of 0.48. The stock has a 50-day moving average price of C$26.15 and a 200 day moving average price of C$25.39. 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 other news, 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 value of C$27,720.55. Also, Director Dennis Mark Bristow acquired 230,872 shares of Barrick Gold stock in a transaction dated Tuesday, February 25th. The shares were acquired at an average cost of C$25.71 per share, with a total value of C$5,936,042.34. Corporate 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.