Barrick Gold Co. (TSE:ABX) Given Average Recommendation of “Buy” by Brokerages

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) has been assigned an average recommendation of “Buy” from the thirteen analysts that are covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, seven have issued a buy recommendation and five have given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$79.63.

A number of brokerages have weighed in on ABX. Stifel Nicolaus raised their price objective on Barrick Gold from C$65.00 to C$95.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. DZ Bank raised shares of Barrick Gold to a “strong-buy” rating in a report on Monday, January 19th. BNP Paribas Exane upgraded shares of Barrick Gold to a “strong-buy” rating in a research report on Friday, December 5th. National Bank Financial decreased their price target on shares of Barrick Gold from C$82.50 to C$75.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 10th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Barrick Gold from C$89.00 to C$91.00 in a research report on Wednesday, February 25th.

Insider Buying and Selling

In related news, Director Pekka Juhani Vauramo purchased 12,400 shares of the company’s stock in a transaction dated Thursday, February 12th. The stock was acquired at an average cost of C$65.41 per share, for a total transaction of C$811,084.00. Following the completion of the transaction, the director directly owned 12,400 shares of the company’s stock, valued at approximately C$811,084. This trade represents a ∞ increase in their ownership of the stock. Also, insider Graham Patrick Shuttleworth sold 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of C$64.72, for a total value of C$6,472,000.00. Following the completion of the sale, the insider owned 487,252 shares of the company’s stock, valued at C$31,534,949.44. This trade represents a 17.03% decrease in their ownership of the stock. Company insiders own 0.60% of the company’s stock.

Barrick Gold Price Performance

TSE:ABX opened at C$53.50 on Thursday. Barrick Gold has a 12 month low of C$24.28 and a 12 month high of C$74.00. The stock has a 50 day moving average of C$62.86 and a two-hundred day moving average of C$56.66. The company has a current ratio of 2.92, a quick ratio of 2.62 and a debt-to-equity ratio of 17.89. The firm has a market cap of C$89.63 billion, a P/E ratio of 18.26, a price-to-earnings-growth ratio of 2.34 and a beta of 1.33.

Barrick Gold (TSE:ABX) (NYSE:ABX) last released its earnings results on Thursday, February 5th. The basic materials company reported C$1.43 earnings per share for the quarter. The business had revenue of C$8.01 billion for the quarter. Barrick Gold had a return on equity of 19.79% and a net margin of 29.39%. On average, analysts expect that Barrick Gold will post 2.2422764 earnings per share 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.