Barrick Gold Co. (ABX.TO) – What Are Researchers Thinking About This Stock?

Shares of Barrick Gold Co. (TSE:ABX) (NYSE:ABX) have earned an average rating of “Buy” from the thirteen ratings firms that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and three have issued a strong buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$67.67.

Several research firms recently commented on ABX. ATB Cormark Capital Markets cut their price target on Barrick Gold from C$60.00 to C$57.00 and set a “sector perform” rating for the company in a report on Tuesday, August 11th. Citigroup upgraded shares of Barrick Gold to a “hold” rating in a report on Thursday, September 3rd. Royal Bank Of Canada reduced their price target on shares of Barrick Gold from C$51.00 to C$49.00 and set an “outperform” rating on the stock in a research report on Thursday, July 9th. Canaccord Genuity Group upped their price objective on Barrick Gold from C$68.00 to C$73.00 and gave the company a “buy” rating in a report on Tuesday, August 25th. Finally, National Bank Financial increased their price objective on Barrick Gold from C$67.50 to C$70.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 11th.

Insider Buying and Selling

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

Barrick Gold Stock Up 0.3%

ABX stock opened at C$57.74 on Monday. Barrick Gold has a one year low of C$42.62 and a one year high of C$74.00. The company has a debt-to-equity ratio of 17.15, a quick ratio of 2.62 and a current ratio of 3.01. The firm’s fifty day moving average is C$59.99 and its 200 day moving average is C$57.12. The firm has a market cap of C$95.03 billion, a PE ratio of 14.92, a P/E/G ratio of 2.34 and a beta of 1.63.

Barrick Gold (TSE:ABX) (NYSE:ABX) last issued its quarterly 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 return on equity of 24.57% and a net margin of 31.60%. The company had revenue of C$6.06 billion for the quarter. On average, research analysts forecast that Barrick Gold will post 2.24 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.