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$26.70 and traded as high as C$29.79. Barrick Gold shares last traded at C$29.19, with a volume of 3,924,564 shares trading hands.
Analyst Ratings Changes
A number of brokerages have weighed in on ABX. Stifel Nicolaus upped their price target on Barrick Gold from C$34.00 to C$37.00 and gave the company a "buy" rating in a research report on Monday, April 21st. BMO Capital Markets upgraded Barrick Gold to a "hold" rating in a report on Tuesday, April 15th. Finally, Sanford C. Bernstein decreased their target price on Barrick Gold from C$45.00 to C$43.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Five research 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 company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of C$33.14.
Check Out Our Latest Stock Analysis on Barrick Gold
Barrick Gold Stock Performance
The firm has a fifty day moving average of C$28.47 and a 200-day moving average of C$26.83. The firm has a market cap of C$35.82 billion, a P/E ratio of 22.19, a PEG ratio of 2.34 and a beta of 0.48. The company has a quick ratio of 2.62, a current ratio of 2.65 and a debt-to-equity ratio of 19.83.
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.
Further Reading
Before you consider Barrick Gold, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Barrick Gold wasn't on the list.
While Barrick Gold currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
