Brokerages Set Barrick Gold Co. (TSE:ABX) PT at C$70.23

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) has received an average recommendation of “Buy” from the thirteen ratings firms that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and four have issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$70.23.

A number of equities analysts have issued reports on ABX shares. Citigroup lowered their target price on Barrick Gold from C$48.00 to C$41.00 and set a “neutral” rating for the company in a report on Monday, July 27th. Royal Bank Of Canada cut their price target on Barrick Gold from C$51.00 to C$49.00 and set an “outperform” rating on the stock in a report on Thursday, July 9th. JPMorgan Chase & Co. reduced their price objective on Barrick Gold from C$91.00 to C$79.00 in a research report on Thursday, April 23rd. National Bank Financial decreased their price objective on Barrick Gold from C$75.00 to C$67.50 and set an “outperform” rating for the company in a report on Tuesday, July 14th. Finally, Barclays dropped their target price on Barrick Gold from C$56.00 to C$55.00 in a research report on Thursday, July 16th.

Insider Activity at Barrick Gold

In other Barrick Gold news, Director Robert Ananda Paul Samek acquired 10,000 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were acquired at an average price of C$55.06 per share, with a total value of C$550,600.00. Following the completion of the transaction, the director directly owned 18,900 shares in the company, valued at C$1,040,634. This trade represents a 112.36% increase in their position. Also, Director Mark Francis Hill sold 88,000 shares of the business’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of C$57.85, for a total transaction of C$5,090,800.00. Following the completion of the sale, the director directly owned 380,598 shares in the company, valued at approximately C$22,017,594.30. This represents a 18.78% decrease in their position. Insiders have sold a total of 134,422 shares of company stock valued at $7,695,879 over the last ninety days. Company insiders own 0.60% of the company’s stock.

Barrick Gold Stock Up 4.5%

Barrick Gold stock opened at C$53.74 on Wednesday. The company has a 50 day moving average of C$53.92 and a 200-day moving average of C$58.36. The company has a quick ratio of 2.62, a current ratio of 3.06 and a debt-to-equity ratio of 17.29. Barrick Gold has a twelve month low of C$30.10 and a twelve month high of C$74.00. The stock has a market capitalization of C$90.04 billion, a PE ratio of 14.85, a price-to-earnings-growth ratio of 2.34 and a beta of 1.60.

Barrick Gold (TSE:ABX) (NYSE:ABX) last issued its quarterly earnings data on Monday, May 11th. The basic materials company reported C$1.36 EPS for the quarter. The business had revenue of C$5.81 billion for the quarter. Barrick Gold had a net margin of 32.14% and a return on equity of 23.58%. On average, equities research analysts anticipate that Barrick Gold will post 2.2422764 EPS for the current fiscal year.

Barrick Gold Company Profile

Barrick is a leading global mining, exploration and development company. With one of the largest portfolios of world-class and long-life gold and copper assets in the industry – including six of the world’s Tier One gold mines -Barrick’s operations and projects span 18 countries and five continents. Barrick is also the largest gold producer in the United States. We create real, long-term value for all stakeholders through responsible mining, strong partnerships and a disciplined approach to growth.