Barrick Gold Co. (TSE:ABX - Get Free Report) NYSE: ABX's share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$25.25 and traded as high as C$27.68. Barrick Gold shares last traded at C$27.57, with a volume of 3,849,959 shares trading hands.
Analysts Set New Price Targets
A number of research firms have issued reports on ABX. Sanford C. Bernstein cut their price target on 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. Stifel Nicolaus boosted their price target 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. Royal Bank of Canada boosted their price target on Barrick Gold to C$19.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. National Bankshares lifted their price objective on Barrick Gold from C$27.00 to C$33.00 and gave the company a "sector perform" rating in a research report on Wednesday, March 19th. Finally, BMO Capital Markets raised Barrick Gold to a "hold" rating in a research report on Tuesday, April 15th. Five analysts have rated the stock with a hold rating, five have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of C$33.67.
Get Our Latest Analysis on Barrick Gold
Barrick Gold Trading Down 0.7%
The stock has a fifty day moving average of C$26.53 and a 200 day moving average of C$25.30. The company has a debt-to-equity ratio of 19.83, a quick ratio of 2.62 and a current ratio of 2.65. The company has a market capitalization of C$33.00 billion, a PE ratio of 20.44, a PEG ratio of 2.34 and a beta of 0.48.
Insider Buying and Selling
In related news, Senior Officer Henri Louis Gonin sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of C$27.72, for a total value of C$27,720.55. 0.60% of the stock is owned by 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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