Barrick Gold Co. (TSE:ABX) Stock Now Rated "Moderate Buy" by Wall Street Analysts

Key Points

• Analysts rate Barrick Gold “Moderate Buy”: Of 15 analysts, eight recommend buying, two strongly recommend buying, and five rate it a hold. Their average 12-month price target is C$66.27.
• Recent analyst updates were mixed: Canaccord raised its target to C$73, while Stifel, Raymond James, and TD lowered theirs; each maintained a buy or outperform rating.
• Insider transactions included Sarah Anna Ball Teslik buying 12,613 shares for about C$848,000 and Darian Kevin Rich selling 75,452 shares for about C$5.13 million.

Shares of Barrick Gold Co. (TSE:ABX - Get Free Report) NYSE: ABX have been given an average rating of "Moderate Buy" by the fifteen ratings firms that are currently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$66.27.

Several research analysts have issued reports on ABX shares. Citigroup upgraded shares of Barrick Gold to a "hold" rating in a report on Thursday, September 3rd. Raymond James Financial dropped their target price on Barrick Gold from C$58.00 to C$56.00 and set an "outperform" rating on the stock in a research note on Tuesday, August 11th. Stifel Nicolaus cut their price target on shares of Barrick Gold from C$90.00 to C$84.00 and set a "buy" rating on the stock in a research note on Monday, October 19th. TD reduced their price objective on Barrick Gold from C$59.00 to C$58.00 and set a "buy" rating for the company in a research note on Tuesday, October 20th. Finally, Canaccord Genuity Group raised their target price on shares of Barrick Gold from C$68.00 to C$73.00 and gave the stock a "buy" rating in a report on Tuesday, August 25th.

Insider Activity at Barrick Gold

In related news, insider Sarah Anna Ball Teslik acquired 12,613 shares of the firm's stock in a transaction on Friday, August 21st. The shares were acquired at an average cost of C$67.27 per share, with a total value of C$848,476.51. Following the completion of the acquisition, the insider directly owned 12,613 shares in the company, valued at approximately C$848,476.51. This trade represents a ∞ increase in their position. Also, insider Darian Kevin Rich sold 75,452 shares of the business's stock in a transaction dated Monday, August 24th. The stock was sold at an average price of C$67.99, for a total transaction of C$5,129,981.48. Following the transaction, the insider owned 235,252 shares in the company, valued at C$15,994,783.48. The trade was a 24.28% decrease in their ownership of the stock. Company insiders own 0.60% of the company's stock.

Barrick Gold Stock Up 0.8%

TSE:ABX opened at C$56.53 on Friday. The company has a market cap of C$93.04 billion, a price-to-earnings ratio of 14.61, a price-to-earnings-growth ratio of 2.34 and a beta of 1.86. The company has a current ratio of 3.01, a quick ratio of 2.62 and a debt-to-equity ratio of 17.15. Barrick Gold has a twelve month low of C$45.28 and a twelve month high of C$74.00. The stock has a fifty day simple moving average of C$58.20 and a 200-day simple moving average of C$58.34.

Barrick Gold (TSE:ABX - Get Free Report) NYSE: ABX last issued its earnings results on Monday, August 10th. The basic materials company reported C$1.17 EPS for the quarter. The business had revenue of C$6.06 billion for the quarter. Barrick Gold had a net margin of 31.60% and a return on equity of 24.57%. Analysts anticipate that Barrick Gold will post 2.24 EPS for the current year.

Barrick Gold Company Profile

Barrick is a leading global mining, exploration and development company. With one of the largest portfolios of world-class and long-life gold and copper assets in the industry - including six of the world's Tier One gold mines -Barrick's operations and projects span 18 countries and five continents. Barrick is also the largest gold producer in the United States. We create real, long-term value for all stakeholders through responsible mining, strong partnerships and a disciplined approach to growth.

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