Barrick Gold Co. (TSE:ABX - Get Free Report) NYSE: ABX's stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$27.02 and traded as high as C$32.21. Barrick Gold shares last traded at C$31.77, with a volume of 3,591,987 shares traded.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on ABX shares. Sanford C. Bernstein decreased their target price 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. BMO Capital Markets upgraded Barrick Gold to a "hold" rating in a research note on Tuesday, April 15th. Finally, 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 note on Monday, April 21st. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of C$33.14.
Read Our Latest Report on ABX
Barrick Gold Trading Up 3.0%
The firm has a market cap of C$39.37 billion, a P/E ratio of 24.39, a price-to-earnings-growth ratio of 2.34 and a beta of 0.48. The stock has a fifty day simple moving average of C$29.03 and a 200 day simple moving average of C$27.20. The company has a debt-to-equity ratio of 19.83, a quick ratio of 2.62 and a current ratio of 2.65.
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.
Further Reading
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