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

Barrick Gold Co. (TSE:ABX - Get Free Report) NYSE: ABX has received a consensus recommendation of "Moderate Buy" from the thirteen brokerages that are covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and three have given a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$33.67.

ABX has been the topic of several analyst reports. Stifel Canada upgraded Barrick Gold to a "strong-buy" rating in a research note on Wednesday, March 19th. National Bank Financial raised Barrick Gold to a "hold" rating in a report on Friday, March 21st. UBS Group raised Barrick Gold from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Sanford C. Bernstein dropped their target price on 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. Finally, BMO Capital Markets raised Barrick Gold to a "hold" rating in a report on Tuesday, April 15th.

Barrick Gold Stock Up 0.1%

Shares of TSE ABX opened at C$28.79 on Friday. The stock has a market cap of C$34.99 billion, a P/E ratio of 21.68, a PEG ratio of 2.34 and a beta of 0.48. 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$29.50. The business's fifty day simple moving average is C$26.96 and its 200-day simple moving average is C$25.56.

Insiders Place Their Bets

In other Barrick Gold news, Senior Officer Henri Louis Gonin sold 1,000 shares of the firm's stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of C$27.72, for a total transaction of C$27,720.55. Corporate insiders own 0.60% of the company's stock.

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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