Shares of Barrick Gold Co. (TSE:ABX - Get Free Report) NYSE: ABX have been assigned an average recommendation of "Moderate Buy" from the thirteen ratings firms that are covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$33.67.
Several analysts recently issued reports on the company. BMO Capital Markets upgraded Barrick Gold to a "hold" rating in a research report on Tuesday, April 15th. Stifel Canada raised shares of Barrick Gold to a "strong-buy" rating in a report on Wednesday, March 19th. UBS Group raised shares of Barrick Gold from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Stifel Nicolaus upped their target price on shares of 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 reduced their price target on shares of Barrick Gold from C$45.00 to C$43.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd.
Read Our Latest Research Report on Barrick Gold
Barrick Gold Stock Down 2.5%
Shares of TSE ABX traded down C$0.73 during trading on Friday, reaching C$28.35. The company had a trading volume of 5,304,629 shares, compared to its average volume of 3,735,470. The business's 50-day moving average is C$26.97 and its 200 day moving average is C$25.62. 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 cap of C$34.46 billion, a PE ratio of 21.35, a P/E/G ratio of 2.34 and a beta of 0.48. Barrick Gold has a 12-month low of C$21.73 and a 12-month high of C$29.50.
About Barrick Gold
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Get Free ReportBarrick 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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