Barrick Gold Co. (TSE:ABX) Given Average Rating of "Buy" by Brokerages

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.

Shares of Barrick Gold Co. (TSE:ABX - Get Free Report) NYSE: ABX have earned a consensus rating of "Buy" from the thirteen ratings firms that are currently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and four have given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$33.14.

A number of analysts have issued reports on the company. BMO Capital Markets raised Barrick Gold to a "hold" rating in a research report on Tuesday, April 15th. Cibc World Mkts raised Barrick Gold from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. Stifel Nicolaus upped their price objective on Barrick Gold from C$34.00 to C$37.00 and gave the stock a "buy" rating in a research report on Monday, April 21st. Finally, Sanford C. Bernstein lowered their target price on shares of Barrick Gold from C$45.00 to C$43.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd.

Barrick Gold Trading Up 3.0%

ABX stock opened at C$32.39 on Wednesday. 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 12-month low of C$21.73 and a 12-month high of C$32.49. The stock has a market cap of C$39.37 billion, a price-to-earnings ratio of 24.39, a PEG ratio of 2.34 and a beta of 0.48. The business's 50-day moving average is C$29.13 and its 200 day moving average is C$27.24.

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.

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