Analysts Set Barrick Gold Co. (TSE:ABX) Target Price at C$67.67

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) has been given a consensus recommendation of “Buy” by the thirteen analysts that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is C$67.67.

A number of research analysts recently issued reports on ABX shares. Royal Bank Of Canada cut their price objective on Barrick Gold from C$51.00 to C$49.00 and set an “outperform” rating for the company in a research note on Thursday, July 9th. Citigroup raised Barrick Gold to a “hold” rating in a report on Thursday, September 3rd. Barclays upped their price target on shares of Barrick Gold from C$55.00 to C$58.00 in a research note on Thursday, August 13th. National Bank Financial raised their target price on shares of Barrick Gold from C$67.50 to C$70.00 and gave the stock an “outperform” rating in a report on Tuesday, August 11th. Finally, Canaccord Genuity Group raised their price target on Barrick Gold from C$68.00 to C$73.00 and gave the stock a “buy” rating in a research note on Tuesday, August 25th.

Barrick Gold Trading Down 0.5%

Shares of TSE ABX opened at C$59.95 on Thursday. Barrick Gold has a 1 year low of C$42.62 and a 1 year high of C$74.00. The stock has a market cap of C$100.45 billion, a P/E ratio of 15.49, a price-to-earnings-growth ratio of 2.34 and a beta of 1.68. The firm has a 50-day moving average of C$57.89 and a 200 day moving average of C$57.02. The company has a debt-to-equity ratio of 17.15, a current ratio of 3.01 and a quick ratio of 2.62.

Barrick Gold (TSE:ABX) (NYSE:ABX) last issued its earnings results on Monday, August 10th. The basic materials company reported C$1.17 earnings per share (EPS) for the quarter. Barrick Gold had a net margin of 31.60% and a return on equity of 24.57%. The firm had revenue of C$6.06 billion for the quarter. As a group, sell-side analysts expect that Barrick Gold will post 2.2422764 EPS for the current fiscal year.

Insider Activity at Barrick Gold

In other Barrick Gold news, insider Darian Kevin Rich sold 75,452 shares of the stock in a transaction dated Monday, August 24th. The stock was sold at an average price of C$67.99, for a total value of C$5,129,981.48. Following the completion of the sale, the insider directly owned 235,252 shares in the company, valued at approximately C$15,994,783.48. This trade represents a 24.28% decrease in their ownership of the stock. Also, insider Sarah Anna Ball Teslik acquired 12,613 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were bought at an average cost of C$67.27 per share, for a total transaction of C$848,476.51. Following the completion of the acquisition, the insider directly owned 12,613 shares of the company’s stock, valued at approximately C$848,476.51. The trade was a ∞ increase in their ownership of the stock. Company insiders own 0.60% of the company’s stock.

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.