Barrick Gold Co. (TSE:ABX) Receives Consensus Rating of “Moderate Buy” from Analysts

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) has earned a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$30.18.

A number of equities analysts have recently weighed in on ABX shares. Veritas Investment Research upped their target price on Barrick Gold from C$20.70 to C$25.00 in a report on Friday, April 12th. Canaccord Genuity Group upped their target price on Barrick Gold from C$31.00 to C$33.00 in a report on Tuesday, July 23rd. Sanford C. Bernstein upped their target price on Barrick Gold from C$31.00 to C$32.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. National Bankshares dropped their price objective on Barrick Gold from C$30.00 to C$28.00 and set a “sector perform” rating on the stock in a report on Friday, April 19th. Finally, Stifel Nicolaus increased their price objective on Barrick Gold from C$25.00 to C$27.00 and gave the stock a “buy” rating in a report on Friday, April 19th.

Insider Activity

In other news, Director Andrew James Quinn sold 36,000 shares of the stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of C$23.00, for a total value of C$828,000.00. 0.61% of the stock is owned by company insiders.

Barrick Gold Price Performance

ABX stock opened at C$23.96 on Wednesday. The company has a current ratio of 3.32, a quick ratio of 2.62 and a debt-to-equity ratio of 14.67. Barrick Gold has a one year low of C$18.65 and a one year high of C$26.58. The firm has a market capitalization of C$42.17 billion, a PE ratio of 21.24, a P/E/G ratio of 1.94 and a beta of 0.46. The firm has a 50-day moving average of C$23.81 and a two-hundred day moving average of C$22.58.

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.