Barrick Gold Co. (TSE:ABX - Get Free Report) NYSE: ABX's share price reached a new 52-week high on Tuesday . The stock traded as high as C$29.68 and last traded at C$29.60, with a volume of 721895 shares changing hands. The stock had previously closed at C$29.19.
Wall Street Analyst Weigh In
Several analysts have weighed in on the company. Stifel Nicolaus lifted their price objective on Barrick Gold from C$34.00 to C$37.00 and gave the company a "buy" rating in a research report on Monday, April 21st. Sanford C. Bernstein lowered their price objective on Barrick Gold from C$45.00 to C$43.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Finally, BMO Capital Markets upgraded shares of Barrick Gold to a "hold" rating in a research note on Tuesday, April 15th. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of C$33.14.
Get Our Latest Stock Analysis on Barrick Gold
Barrick Gold Price Performance
The company has a market cap of C$35.82 billion, a P/E ratio of 22.19, 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 fifty day moving average is C$27.92 and its two-hundred day moving average is C$26.46.
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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