Barrick Gold (TSE:ABX) Stock Passes Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Barrick Gold's stock price has recently crossed above its 200-day moving average, trading at C$35.51 after reaching a high of C$35.63.
• Analysts have mixed ratings for Barrick Gold, with four analysts rating it as Strong Buy and others giving it Hold or Buy ratings, resulting in an average price target of C$33.14.
• The company, a leading global gold producer, operates nine major mines and has a market capitalization of C$43.16 billion.

Barrick Gold Co. (TSE:ABX - Get Free Report) NYSE: ABX's share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$27.70 and traded as high as C$35.63. Barrick Gold shares last traded at C$35.51, with a volume of 11,457,467 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have commented on ABX shares. 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. Cibc World Mkts upgraded Barrick Gold from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 12th. Four equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of C$33.14.

Barrick Gold Trading Down 1.5%

The company has a current ratio of 2.65, a quick ratio of 2.62 and a debt-to-equity ratio of 19.83. The company has a 50-day simple moving average of C$30.42 and a 200 day simple moving average of C$27.98. The firm has a market cap of C$44.34 billion, a PE ratio of 27.47, a price-to-earnings-growth ratio of 2.34 and a beta of 0.48.

About Barrick Gold

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.