Barrick Gold (TSE:ABX) Upgraded by Barclays to Hold Rating

Barclays upgraded shares of Barrick Gold (TSE:ABX) (NYSE:ABX) to a hold rating in a research note published on Thursday morning,Zacks.com reports.

A number of other brokerages have also recently commented on ABX. JPMorgan Chase & Co. dropped their price objective on shares of Barrick Gold from C$91.00 to C$79.00 in a research note on Thursday, April 23rd. BMO Capital Markets lifted their price target on shares of Barrick Gold from C$55.00 to C$65.00 in a research note on Wednesday, April 22nd. Sanford C. Bernstein lifted their price target on shares of Barrick Gold from C$86.00 to C$91.00 in a research note on Monday, April 20th. Canaccord Genuity Group dropped their price target on shares of Barrick Gold from C$80.00 to C$77.00 in a research note on Wednesday, February 18th. Finally, National Bank Financial lifted their price target on shares of Barrick Gold from C$72.50 to C$75.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. Five equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Barrick Gold currently has an average rating of “Buy” and an average price target of C$76.78.

Barrick Gold Price Performance

Shares of TSE ABX opened at C$56.21 on Thursday. The stock has a market capitalization of C$94.18 billion, a price-to-earnings ratio of 15.53, a PEG ratio of 2.34 and a beta of 1.62. Barrick Gold has a 12 month low of C$25.56 and a 12 month high of C$74.00. The firm’s 50 day simple moving average is C$56.75 and its 200-day simple moving average is C$59.62. The company has a debt-to-equity ratio of 17.29, a current ratio of 3.06 and a quick ratio of 2.62.

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 32.04% and a return on equity of 23.48%. Analysts expect that Barrick Gold will post 2.2422764 EPS for the current year.

About Barrick Gold

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.