Brokerages Set Barrick Gold Co. (TSE:ABX) Target Price at C$33.89

Barrick Gold Co. (TSE:ABX - Get Free Report) NYSE: ABX has been given an average recommendation of "Moderate Buy" by the thirteen research firms that are presently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$33.67.

A number of research firms have issued reports on ABX. National Bank Financial raised Barrick Gold to a "hold" rating in a report on Friday, March 21st. Canaccord Genuity Group reduced their price objective on Barrick Gold from C$33.50 to C$30.00 in a report on Wednesday, January 15th. BMO Capital Markets upgraded Barrick Gold to a "hold" rating in a research report on Tuesday, April 15th. National Bankshares boosted their price objective on shares of Barrick Gold from C$27.00 to C$33.00 and gave the company a "sector perform" rating in a report on Wednesday, March 19th. Finally, Sanford C. Bernstein decreased their price objective 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.

Barrick Gold Stock Up 1.2 %

TSE ABX traded up C$0.32 during trading on Friday, reaching C$26.85. The company's stock had a trading volume of 6,185,969 shares, compared to its average volume of 3,683,361. The business has a 50-day moving average price of C$26.91 and a 200-day moving average price of C$25.32. Barrick Gold has a 1-year low of C$21.73 and a 1-year high of C$29.50. The stock has a market capitalization of C$32.63 billion, a PE ratio of 20.22, 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.

Insider Buying and Selling

In other Barrick Gold news, Senior Officer Poupak Bahamin sold 17,633 shares of the business's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of C$25.96, for a total value of C$457,781.77. Also, Senior Officer Henri Louis Gonin sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of C$27.72, for a total transaction of C$27,720.55. 0.60% of the stock is currently owned by corporate insiders.

Barrick Gold Company Profile

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.