Barrick Gold (TSE:ABX) Hits New 12-Month High – Here’s What Happened

Barrick Gold Co. (TSE:ABX) (NYSE:ABX)’s stock price hit a new 52-week high on Thursday . The company traded as high as C$60.92 and last traded at C$60.27, with a volume of 681700 shares. The stock had previously closed at C$60.00.

Wall Street Analyst Weigh In

ABX has been the topic of a number of research analyst reports. BMO Capital Markets boosted their target price on shares of Barrick Gold from C$37.00 to C$41.00 in a research note on Monday, September 22nd. Scotiabank upgraded Barrick Gold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 23rd. BNP Paribas raised Barrick Gold to a “strong-buy” rating in a research report on Friday, December 5th. Citigroup upgraded Barrick Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 24th. Finally, National Bank Financial upgraded Barrick Gold from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 19th. Seven investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$53.69.

Barrick Gold Stock Up 1.8%

The stock has a fifty day simple moving average of C$51.94 and a two-hundred day simple moving average of C$40.55. The firm has a market cap of C$105.12 billion, a PE ratio of 29.63, a price-to-earnings-growth ratio of 2.34 and a beta of 1.28. The company has a current ratio of 2.65, a quick ratio of 2.62 and a debt-to-equity ratio of 19.83.

Barrick Gold (TSE:ABX) (NYSE:ABX) last issued its quarterly earnings data on Monday, November 10th. The basic materials company reported C$0.58 EPS for the quarter. Barrick Gold had a net margin of 13.19% and a return on equity of 6.90%. The company had revenue of C$3.41 billion during the quarter. As a group, sell-side analysts expect that Barrick Gold Co. will post 2.2422764 EPS for the current fiscal year.

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. Geographically, it derives a majority of revenue from the United States.