Barrick Gold (TSE:ABX) Given a C$92.00 Price Target at JPMorgan Chase & Co.

Barrick Gold (TSE:ABX) (NYSE:ABX) has been assigned a C$92.00 price target by equities researchers at JPMorgan Chase & Co. in a research note issued to investors on Thursday,BayStreet.CA reports. The firm presently has an “overweight” rating on the basic materials company’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 31.48% from the stock’s current price.

Several other equities research analysts also recently weighed in on the stock. Stifel Nicolaus upped their price objective on shares of Barrick Gold from C$46.00 to C$65.00 in a report on Monday, October 20th. Scotiabank upgraded Barrick Gold from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 23rd. DZ Bank raised shares of Barrick Gold to a “strong-buy” rating in a research note on Monday, January 19th. Citigroup upgraded Barrick Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, November 24th. Finally, Cormark raised their price target on shares of Barrick Gold from C$66.00 to C$78.00 in a report on Tuesday, November 25th. Seven analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$60.69.

Barrick Gold Stock Performance

TSE ABX traded down C$1.89 on Thursday, hitting C$69.97. The stock had a trading volume of 4,334,974 shares, compared to its average volume of 4,496,789. The company’s 50-day moving average is C$62.06 and its two-hundred day moving average is C$47.92. Barrick Gold has a one year low of C$23.41 and a one year high of C$74.00. The stock has a market cap of C$119.37 billion, a price-to-earnings ratio of 33.64, a P/E/G ratio of 2.34 and a beta of 1.50. The company has a quick ratio of 2.62, a current ratio of 2.65 and a debt-to-equity ratio of 19.83.

Barrick Gold (TSE:ABX) (NYSE:ABX) last issued its quarterly earnings data on Monday, November 10th. The basic materials company reported C$0.58 earnings per share (EPS) for the quarter. Barrick Gold had a return on equity of 6.90% and a net margin of 13.19%.The business had revenue of C$3.41 billion during the quarter. On average, analysts expect that Barrick Gold will post 2.2422764 earnings per share 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.