Brokerages Set Barrick Gold Co. (TSE:ABX) Price Target at C$30.18

Shares of Barrick Gold Co. (TSE:ABX) (NYSE:ABX) have been assigned an average recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is C$30.18.

Several equities analysts have recently weighed in on ABX shares. Veritas Investment Research lifted their target price on shares of Barrick Gold from C$20.70 to C$25.00 in a research note on Friday, April 12th. National Bankshares cut their price objective on shares of Barrick Gold from C$30.00 to C$28.00 and set a “sector perform” rating for the company in a research report on Friday, April 19th. Canaccord Genuity Group raised their price objective on shares of Barrick Gold from C$31.00 to C$33.00 in a research report on Tuesday, July 23rd. Berenberg Bank raised their price objective on shares of Barrick Gold from C$29.00 to C$31.00 in a research report on Monday, April 8th. Finally, National Bank Financial restated a “sector perform overweight” rating on shares of Barrick Gold in a research report on Monday, April 8th.

Barrick Gold Stock Performance

TSE ABX opened at C$24.82 on Wednesday. Barrick Gold has a 52-week low of C$18.65 and a 52-week high of C$26.58. The company has a 50-day simple moving average of C$23.78 and a 200 day simple moving average of C$22.56. The company has a debt-to-equity ratio of 14.67, a quick ratio of 2.62 and a current ratio of 3.32. The company has a market capitalization of C$43.68 billion, a PE ratio of 21.96, a price-to-earnings-growth ratio of 1.94 and a beta of 0.46.

Insider Buying and Selling at Barrick Gold

In other Barrick Gold news, Director Andrew James Quinn sold 36,000 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of C$23.00, for a total transaction of C$828,000.00. Company insiders own 0.61% of the company’s stock.

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.