Barrick Gold (TSE:ABX) Stock Rating Reaffirmed by National Bank Financial

Barrick Gold (TSE:ABX - Get Free Report) NYSE: ABX's stock had its "sector perform overweight" rating restated by investment analysts at National Bank Financial in a research report issued on Monday, Zacks.com reports.

ABX has been the subject of several other reports. Berenberg Bank increased their price target on shares of Barrick Gold from C$29.00 to C$31.00 in a research note on Monday. CIBC reiterated an "outperform" rating and issued a C$31.00 price target on shares of Barrick Gold in a research note on Thursday, February 15th. Stifel Nicolaus decreased their price target on shares of Barrick Gold from C$30.00 to C$25.00 and set a "buy" rating for the company in a research note on Friday, January 26th. Sanford C. Bernstein decreased their price target on shares of Barrick Gold from C$30.00 to C$29.00 and set an "outperform" rating for the company in a research note on Thursday, January 25th. Finally, Raymond James decreased their price target on shares of Barrick Gold from C$28.00 to C$24.00 in a research note on Friday, February 16th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Barrick Gold currently has an average rating of "Moderate Buy" and a consensus price target of C$28.65.

Barrick Gold Trading Down 0.2 %

Shares of TSE:ABX traded down C$0.04 on Monday, hitting C$24.63. The company had a trading volume of 5,389,447 shares, compared to its average volume of 3,339,965. The firm's 50-day simple moving average is C$21.27 and its two-hundred day simple moving average is C$21.87. Barrick Gold has a 1 year low of C$18.65 and a 1 year high of C$28.19. The company has a quick ratio of 2.62, a current ratio of 3.16 and a debt-to-equity ratio of 16.32. The firm has a market capitalization of C$43.35 billion, a price-to-earnings ratio of 25.13, a P/E/G ratio of 1.94 and a beta of 0.41.

Barrick Gold (TSE:ABX - Get Free Report) NYSE: ABX last posted its earnings results on Wednesday, February 14th. The basic materials company reported C$0.37 EPS for the quarter, topping the consensus estimate of C$0.28 by C$0.09. Barrick Gold had a net margin of 11.16% and a return on equity of 6.17%. The firm had revenue of C$4.16 billion during the quarter, compared to analysts' expectations of C$4.28 billion. Equities analysts anticipate that Barrick Gold will post 1.2363083 earnings per share for the current fiscal year.

About Barrick Gold

Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties in Canada and internationally. The company also explores and sells silver and energy materials. It has ownership interests in producing gold mines located in Argentina, Canada, Côte d'Ivoire, the Democratic Republic of Congo, the Dominican Republic, Mali, Tanzania, and the United States.