Barrick Gold (TSE:ABX) Upgraded by Stifel Canada to Strong-Buy Rating

Barrick Gold (TSE:ABX) (NYSE:ABX) was upgraded by Stifel Canada to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports. Stifel Canada also issued estimates for Barrick Gold’s FY2028 earnings at $2.06 EPS.

ABX has been the topic of several other research reports. National Bankshares upped their target price on shares of Barrick Gold from C$27.00 to C$33.00 and gave the stock a “sector perform” rating in a research note on Wednesday. Stifel Nicolaus cut their target price on Barrick Gold from C$33.50 to C$32.00 in a research note on Monday, December 2nd. TD Cowen restated a “buy” rating and issued a C$36.00 price target on shares of Barrick Gold in a research note on Tuesday, January 14th. Cibc World Mkts downgraded Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. Finally, Royal Bank of Canada boosted their target price on Barrick Gold to C$19.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, Barrick Gold currently has an average rating of “Buy” and a consensus price target of C$31.55.

Barrick Gold Price Performance

ABX opened at C$27.81 on Wednesday. The firm has a market cap of C$33.80 billion, a PE ratio of 20.94, a P/E/G ratio of 2.34 and a beta of 0.48. The stock has a 50-day moving average price of C$24.93 and a 200-day moving average price of C$25.41. Barrick Gold has a 1 year low of C$20.65 and a 1 year high of C$29.50. The company has a debt-to-equity ratio of 19.83, a current ratio of 2.65 and a quick ratio of 2.62.

Insiders Place Their Bets

In other news, Senior Officer Poupak Bahamin sold 17,633 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of C$25.96, for a total value of C$457,781.77. Also, Director Dennis Mark Bristow acquired 230,872 shares of the stock in a transaction dated Tuesday, February 25th. The shares were bought at an average cost of C$25.71 per share, for a total transaction of C$5,936,042.34. Insiders own 0.60% of the company’s stock.

Barrick Gold Company Profile

Barrick Gold Corp is one of the world’s largest gold producers, operating mines in North America, South America, Australia, and Africa. The company segments consist of nine gold mines namely Carlin, Cortez, Turquoise Ridge, Pueblo Viejo, Loulo-Gounkoto, Kibali, Veladero, North Mara, and Bulyanhulu. It generates maximum revenue from the Carlin mine segment.