Barrick Gold Co. (TSE:ABX - Get Free Report) NYSE: ABX shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$25.35 and traded as high as C$27.69. Barrick Gold shares last traded at C$27.67, with a volume of 2,364,875 shares traded.
Analysts Set New Price Targets
Several analysts have weighed in on ABX shares. National Bank Financial raised shares of Barrick Gold to a "hold" rating in a research note on Friday, March 21st. Sanford C. Bernstein reduced their target price on shares of 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. Stifel Canada upgraded Barrick Gold to a "strong-buy" rating in a research report on Wednesday, March 19th. National Bankshares lifted their price target on shares of Barrick Gold from C$27.00 to C$33.00 and gave the stock a "sector perform" rating in a research report on Wednesday, March 19th. Finally, Royal Bank of Canada upped their target price on shares of Barrick Gold to C$19.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. Five analysts have rated the stock with a hold rating, five have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$33.67.
Read Our Latest Report on Barrick Gold
Barrick Gold Price Performance
The company's 50-day simple moving average is C$26.58 and its 200-day simple moving average is C$25.35. The stock has a market capitalization of C$34.62 billion, a P/E ratio of 21.44, a price-to-earnings-growth 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.
Insider Buying and Selling
In other Barrick Gold news, Senior Officer Henri Louis Gonin sold 1,000 shares of the business's stock in a transaction dated 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 owned by company insiders.
About Barrick Gold
(
Get Free Report)
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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