Barrick Gold Co. (TSE:ABX - Get Free Report) NYSE: ABX's stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$25.42 and traded as high as C$29.39. Barrick Gold shares last traded at C$28.64, with a volume of 4,255,332 shares trading hands.
Wall Street Analysts Forecast Growth
Several research analysts have commented on the stock. National Bankshares boosted 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 report on Wednesday, March 19th. Scotiabank downgraded Barrick Gold from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 21st. Stifel Canada upgraded Barrick Gold to a "strong-buy" rating in a research note on Wednesday, March 19th. Canaccord Genuity Group reduced their price objective on Barrick Gold from C$33.50 to C$30.00 in a research note on Wednesday, January 15th. Finally, National Bank Financial upgraded shares of Barrick Gold to a "hold" rating in a research report on Friday, March 21st. Five 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. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of C$33.89.
View Our Latest Research Report on Barrick Gold
Barrick Gold Trading Down 2.5 %
The company has a quick ratio of 2.62, a current ratio of 2.65 and a debt-to-equity ratio of 19.83. The company has a market cap of C$33.57 billion, a price-to-earnings ratio of 20.80, a P/E/G ratio of 2.34 and a beta of 0.48. The business has a fifty day simple moving average of C$26.86 and a 200 day simple moving average of C$25.43.
Insider Buying and Selling
In related news, Senior Officer Henri Louis Gonin sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of C$27.72, for a total transaction of C$27,720.55. Also, Director Dennis Mark Bristow bought 230,872 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The shares were purchased at an average price of C$25.71 per share, for a total transaction of C$5,936,042.34. 0.60% of the stock is owned by insiders.
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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