Barrick Gold (TSE:ABX) Stock Rating Reaffirmed by TD Securities

Barrick Gold (TSE:ABX - Get Free Report) NYSE: ABX's stock had its "buy" rating reissued by investment analysts at TD Securities in a research report issued on Wednesday, Stock Target Advisor reports. They presently have a C$34.00 price objective on the basic materials company's stock. TD Securities' price objective would suggest a potential upside of 24.00% from the company's previous close.

ABX has been the topic of a number of other reports. Eight Capital increased their price objective on shares of Barrick Gold from C$36.00 to C$38.00 in a research note on Thursday, July 11th. Argus upgraded Barrick Gold from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 29th. Finally, Canaccord Genuity Group raised their price target on Barrick Gold from C$31.00 to C$33.00 in a research report on Tuesday, July 23rd. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of C$30.18.

Barrick Gold Price Performance

Barrick Gold stock traded down C$0.47 during midday trading on Wednesday, reaching C$27.42. The company's stock had a trading volume of 4,335,269 shares, compared to its average volume of 3,545,443. The company has a debt-to-equity ratio of 14.54, a quick ratio of 2.62 and a current ratio of 3.01. Barrick Gold has a fifty-two week low of C$18.65 and a fifty-two week high of C$28.67. The firm has a market capitalization of C$47.99 billion, a PE ratio of 23.18, a P/E/G ratio of 2.34 and a beta of 0.48. The stock's 50 day simple moving average is C$26.72 and its 200 day simple moving average is C$24.58.

Barrick Gold (TSE:ABX - Get Free Report) NYSE: ABX last released its quarterly earnings data on Monday, August 12th. The basic materials company reported C$0.44 EPS for the quarter, topping analysts' consensus estimates of C$0.36 by C$0.08. Barrick Gold had a net margin of 12.78% and a return on equity of 7.20%. The firm had revenue of C$4.33 billion for the quarter, compared to the consensus estimate of C$4.12 billion. On average, equities research analysts forecast that Barrick Gold will post 2.2422764 earnings per share for the current year.

Insider Buying and Selling

In other Barrick Gold news, Senior Officer Riaan Grobler sold 94,000 shares of the company's stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of C$18.99, for a total transaction of C$1,784,693.40. In other news, Director Andrew James Quinn purchased 5,000 shares of the company's stock in a transaction that occurred on Wednesday, August 14th. The shares were purchased at an average price of C$26.00 per share, with a total value of C$129,999.00. Also, Senior Officer Riaan Grobler sold 94,000 shares of the company's stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of C$18.99, for a total transaction of C$1,784,693.40. Over the last quarter, insiders sold 235,334 shares of company stock valued at $5,741,477. Insiders own 0.60% of the company's stock.

About Barrick Gold

Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties in Canada and internationally. The company also explores and sells silver and energy materials. It has ownership interests in producing gold mines located in Argentina, Canada, Côte d'Ivoire, the Democratic Republic of Congo, the Dominican Republic, Mali, Tanzania, and the United States.