Barrick Gold (TSE:ABX) Earns Buy Rating from TD Securities

Barrick Gold (TSE:ABX - Get Free Report) NYSE: ABX's stock had its "buy" rating reaffirmed by TD Securities in a research note issued on Wednesday, Stock Target Advisor reports. They currently have a C$34.00 target price on the basic materials company's stock. TD Securities' target price suggests a potential upside of 50.98% from the stock's current price.

Other equities analysts have also issued research reports about the stock. Canaccord Genuity Group increased their price objective on shares of Barrick Gold from C$27.00 to C$30.00 in a research report on Tuesday, April 23rd. Sanford C. Bernstein increased their price objective on shares of Barrick Gold from C$31.00 to C$32.00 and gave the company an "outperform" rating in a research report on Thursday, April 18th. Berenberg Bank increased their price objective on shares of Barrick Gold from C$29.00 to C$31.00 in a research report on Monday, April 8th. CIBC reiterated an "outperform" rating and set a C$31.00 price objective on shares of Barrick Gold in a research report on Thursday, February 15th. Finally, National Bankshares reduced their target price on shares of Barrick Gold from C$30.00 to C$28.00 and set a "sector perform" rating on the stock in a research note on Friday, April 19th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, Barrick Gold presently has a consensus rating of "Moderate Buy" and a consensus price target of C$29.73.

Barrick Gold Price Performance

Shares of TSE:ABX traded down C$0.36 during midday trading on Wednesday, reaching C$22.52. 4,028,624 shares of the company were exchanged, compared to its average volume of 3,494,539. The company has a current ratio of 3.16, a quick ratio of 2.62 and a debt-to-equity ratio of 16.32. The business's fifty day moving average is C$22.12 and its two-hundred day moving average is C$22.16. Barrick Gold has a one year low of C$18.65 and a one year high of C$28.19. The stock has a market cap of C$39.64 billion, a PE ratio of 22.75, a price-to-earnings-growth ratio of 1.94 and a beta of 0.46.

Barrick Gold (TSE:ABX - Get Free Report) NYSE: ABX last issued its earnings results on Wednesday, February 14th. The basic materials company reported C$0.37 earnings per share for the quarter, topping analysts' consensus estimates 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 analyst estimates of C$4.28 billion. As a group, analysts predict that Barrick Gold will post 1.196793 earnings per share for the current 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.