Barrick Gold Co. (TSE:ABX) Given Consensus Rating of "Buy" by Analysts

Key Points

• Barrick Gold Co. has received a consensus rating of "Buy" from thirteen ratings firms, with four analysts recommending a hold, five a buy, and four a strong buy.
• The average one-year price target among brokerages for Barrick Gold is C$33.14, reflecting varying analyst outlooks on the stock's future performance.
• As of the latest trading session, Barrick Gold shares are priced at C$32.39, with a market capitalization of C$39.37 billion.

Barrick Gold Co. (TSE:ABX - Get Free Report) NYSE: ABX has been assigned an average recommendation of "Buy" from the thirteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and four have assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$33.14.

A number of analysts recently commented on the company. Sanford C. Bernstein decreased their target price on Barrick Gold from C$45.00 to C$43.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Cibc World Mkts raised Barrick Gold from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 12th. Finally, Stifel Nicolaus boosted their target price on Barrick Gold from C$34.00 to C$37.00 and gave the company a "buy" rating in a research report on Monday, April 21st.

Barrick Gold Stock Up 0.6%

Barrick Gold stock traded up C$0.19 during midday trading on Wednesday, reaching C$33.50. The stock had a trading volume of 3,442,891 shares, compared to its average volume of 3,726,199. Barrick Gold has a 12 month low of C$21.73 and a 12 month high of C$33.74. The company has a market capitalization of C$40.72 billion, a P/E ratio of 25.22, a PEG ratio of 2.34 and a beta of 0.48. The company has a fifty day moving average price of C$29.46 and a two-hundred day moving average price of C$27.47. The company has a current ratio of 2.65, a quick ratio of 2.62 and a debt-to-equity ratio of 19.83.

About Barrick Gold

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.