Analysts Set Barrick Gold Co. (TSE:ABX) PT at C$30.73

Shares of Barrick Gold Co. (TSE:ABX) (NYSE:ABX) have received an average rating of “Moderate Buy” from the eleven brokerages that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$30.73.

Several research analysts have commented on the company. TD Cowen reaffirmed a “buy” rating and set a C$36.00 price target on shares of Barrick Gold in a research report on Tuesday, January 14th. Stifel Nicolaus dropped their target price on Barrick Gold from C$33.50 to C$32.00 in a report on Monday, December 2nd. Scotiabank lowered Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st. UBS Group raised Barrick Gold from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Finally, National Bankshares decreased their price target on Barrick Gold from C$26.00 to C$24.00 and set a “sector perform” rating on the stock in a research note on Thursday, January 16th.

Insiders Place Their Bets

In related news, Director Dennis Mark Bristow bought 230,872 shares of the stock in a transaction dated Tuesday, February 25th. The stock was acquired at an average price of C$25.71 per share, for a total transaction of C$5,936,042.34. Also, Senior Officer Poupak Bahamin sold 17,633 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of C$25.96, for a total value of C$457,781.77. 0.60% of the stock is currently owned by insiders.

Barrick Gold Price Performance

ABX stock opened at C$27.44 on Thursday. The stock has a market cap of C$33.35 billion, a price-to-earnings ratio of 20.66, a PEG ratio of 2.34 and a beta of 0.48. Barrick Gold has a fifty-two week low of C$20.65 and a fifty-two week high of C$29.50. The business has a 50 day moving average price of C$24.73 and a 200 day moving average price of C$25.39. The company has a quick ratio of 2.62, a current ratio of 2.65 and a debt-to-equity ratio of 19.83.

Barrick Gold Company Profile

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.