Barrick Gold (TSE:ABX) Hits New 52-Week High - What's Next?

Key Points

• Barrick Gold Corp reached a new 52-week high at C$30.99 on Tuesday, closing at C$30.72 with a trading volume of over 1 million shares.
• Analysts have given Barrick Gold a consensus rating of "Moderate Buy", with price targets ranging from C$33.14 to C$43.00.
• The company operates multiple gold mines across four continents and has a market capitalization of C$37.70 billion, alongside a PE ratio of 23.36.

Barrick Gold Co. (TSE:ABX - Get Free Report) NYSE: ABX hit a new 52-week high on Tuesday . The company traded as high as C$30.99 and last traded at C$30.72, with a volume of 1093941 shares. The stock had previously closed at C$29.47.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Stifel Nicolaus upped their target price on shares of 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 decreased their price target on shares of Barrick Gold from C$45.00 to C$43.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Finally, BMO Capital Markets raised Barrick Gold to a "hold" rating in a report on Tuesday, April 15th. 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's stock. According to data from MarketBeat, Barrick Gold currently has an average rating of "Moderate Buy" and a consensus target price of C$33.14.

Barrick Gold Price Performance

The company has a fifty day moving average of C$28.96 and a 200-day moving average of C$27.11. The firm has a market cap of C$39.16 billion, a P/E ratio of 24.26, 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 current ratio of 2.65 and a quick ratio of 2.62.

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.