Barrick Gold (TSE:ABX) Price Target Raised to C$33.00

Barrick Gold (TSE:ABX) (NYSE:ABX) had its price target upped by National Bankshares from C$27.00 to C$33.00 in a research report report published on Wednesday,BayStreet.CA reports. They currently have a sector perform rating on the basic materials company’s stock.

Several other equities research analysts also recently weighed in on ABX. Cibc World Mkts downgraded Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. UBS Group raised Barrick Gold from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Canaccord Genuity Group decreased their target price on Barrick Gold from C$33.50 to C$30.00 in a report on Wednesday, January 15th. Royal Bank of Canada lifted their target price on Barrick Gold to C$19.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Finally, TD Cowen reissued a “buy” rating and issued a C$36.00 price target on shares of Barrick Gold in a report on Tuesday, January 14th. Three analysts have rated the stock with a hold rating, six have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$31.55.

Barrick Gold Price Performance

Shares of TSE ABX opened at C$27.05 on Wednesday. The company has a debt-to-equity ratio of 19.83, a quick ratio of 2.62 and a current ratio of 2.65. The company has a market cap of C$32.88 billion, a PE ratio of 20.37, a P/E/G ratio of 2.34 and a beta of 0.48. The business has a 50-day simple moving average of C$25.11 and a two-hundred day simple moving average of C$25.40. Barrick Gold has a fifty-two week low of C$21.08 and a fifty-two week high of C$29.50.

Insider Buying and Selling

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

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.