Barrick Gold Co. (TSE:ABX - Get Free Report) NYSE: ABX reached a new 52-week high on Monday . The stock traded as high as C$29.50 and last traded at C$29.07, with a volume of 591420 shares traded. The stock had previously closed at C$28.79.
Analyst Upgrades and Downgrades
Several research firms have commented on ABX. Stifel Nicolaus lifted their price target on Barrick Gold from C$34.00 to C$37.00 and gave the company a "buy" rating in a report on Monday, April 21st. Stifel Canada raised shares of Barrick Gold to a "strong-buy" rating in a research report on Wednesday, March 19th. Sanford C. Bernstein decreased 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. UBS Group upgraded Barrick Gold from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Finally, BMO Capital Markets upgraded Barrick Gold to a "hold" rating in a report on Tuesday, April 15th. Five research analysts have rated the stock with a hold rating, five have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of C$33.67.
View Our Latest Report on ABX
Barrick Gold Price Performance
The company has a debt-to-equity ratio of 19.83, a current ratio of 2.65 and a quick ratio of 2.62. The company has a market cap of C$35.11 billion, a PE ratio of 21.75, a P/E/G ratio of 2.34 and a beta of 0.48. The company has a 50-day moving average price of C$26.97 and a two-hundred day moving average price of C$25.66.
About Barrick Gold
(
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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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