Analysts Set Barrick Gold Co. (TSE:ABX) Target Price at C$33.67

Barrick Gold Co. (TSE:ABX - Get Free Report) NYSE: ABX has been given an average rating of "Moderate Buy" by the thirteen ratings firms that are presently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold rating, five have issued a buy rating and three have assigned a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$33.67.

Several analysts have recently commented on the stock. BMO Capital Markets raised shares of Barrick Gold to a "hold" rating in a research note on Tuesday, April 15th. Sanford C. Bernstein reduced their price objective 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. National Bankshares lifted their target price on Barrick Gold from C$27.00 to C$33.00 and gave the company a "sector perform" rating in a research note on Wednesday, March 19th. UBS Group upgraded Barrick Gold from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Finally, Royal Bank of Canada upped their price target on Barrick Gold to C$19.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th.

Barrick Gold Price Performance

ABX traded up C$0.01 during midday trading on Tuesday, hitting C$26.23. The company had a trading volume of 8,796,200 shares, compared to its average volume of 3,598,784. Barrick Gold has a twelve month low of C$21.73 and a twelve month high of C$29.50. The company has a market capitalization of C$31.88 billion, a PE ratio of 19.75, a P/E/G ratio of 2.34 and a beta of 0.48. The company has a debt-to-equity ratio of 19.83, a quick ratio of 2.62 and a current ratio of 2.65. The firm's 50-day simple moving average is C$26.56 and its 200-day simple moving average is C$25.19.

Insider Transactions at Barrick Gold

In other Barrick Gold news, Senior Officer Henri Louis Gonin sold 1,000 shares of the stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of C$27.72, for a total value of C$27,720.55. 0.60% of the stock is owned by corporate insiders.

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.