Barrick Gold (TSE:ABX) Price Target Raised to C$32.00 at Sanford C. Bernstein

Barrick Gold (TSE:ABX) (NYSE:ABX) had its price target increased by Sanford C. Bernstein from C$31.00 to C$32.00 in a research note issued on Thursday, BayStreet.CA reports. The firm presently has an “outperform” rating on the basic materials company’s stock. Sanford C. Bernstein’s price target would suggest a potential upside of 36.87% from the stock’s previous close.

ABX has been the topic of several other research reports. National Bankshares cut their price objective on Barrick Gold from C$29.00 to C$28.00 and set a “sector perform” rating on the stock in a report on Tuesday, February 6th. TD Securities reaffirmed a “buy” rating and set a C$29.00 price objective on shares of Barrick Gold in a research report on Tuesday. Veritas Investment Research upped their price objective on Barrick Gold from C$20.70 to C$25.00 in a research report on Friday, April 12th. Stifel Nicolaus lowered their price objective on Barrick Gold from C$30.00 to C$25.00 and set a “buy” rating for the company in a research report on Friday, January 26th. Finally, National Bank Financial reaffirmed a “sector perform overweight” rating on shares of Barrick Gold in a research report on Monday, April 8th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$28.40.

Barrick Gold Trading Up 1.6 %

TSE:ABX traded up C$0.36 on Thursday, reaching C$23.38. The company’s stock had a trading volume of 1,523,497 shares, compared to its average volume of 3,370,064. Barrick Gold has a 12-month low of C$18.65 and a 12-month high of C$28.19. The company has a quick ratio of 2.62, a current ratio of 3.16 and a debt-to-equity ratio of 16.32. The firm has a market cap of C$41.15 billion, a price-to-earnings ratio of 23.63, a price-to-earnings-growth ratio of 1.94 and a beta of 0.46. The stock has a 50 day moving average price of C$21.44 and a 200 day moving average price of C$21.95.

Barrick Gold (TSE:ABX) (NYSE:ABX) last posted its earnings results on Wednesday, February 14th. The basic materials company reported C$0.37 EPS for the quarter, beating analysts’ consensus estimates of C$0.28 by C$0.09. Barrick Gold had a return on equity of 6.17% and a net margin of 11.16%. The company had revenue of C$4.16 billion for the quarter, compared to the consensus estimate of C$4.28 billion. On average, equities analysts anticipate that Barrick Gold will post 1.196793 EPS for the current fiscal year.

Barrick Gold Company Profile

Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties in Canada and internationally. The company also explores and sells silver and energy materials. It has ownership interests in producing gold mines located in Argentina, Canada, Côte d'Ivoire, the Democratic Republic of Congo, the Dominican Republic, Mali, Tanzania, and the United States.