Barrick Gold Co. (TSE:ABX) Given Average Recommendation of “Buy” by Brokerages

Shares of Barrick Gold Co. (TSE:ABX) (NYSE:ABX) have been given an average recommendation of “Buy” by the seventeen ratings firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and seven have given a strong buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$67.44.

Several equities research analysts have recently weighed in on ABX shares. JPMorgan Chase & Co. set a C$92.00 target price on shares of Barrick Gold and gave the company an “overweight” rating in a research note on Thursday, January 29th. Atb Cormark Cm upgraded shares of Barrick Gold to a “moderate buy” rating in a research report on Monday. BNP Paribas Exane raised shares of Barrick Gold to a “strong-buy” rating in a report on Friday, December 5th. ATB Capital cut their target price on shares of Barrick Gold from C$100.00 to C$94.00 and set an “outperform” rating for the company in a research note on Monday. Finally, Canaccord Genuity Group increased their price target on Barrick Gold from C$68.00 to C$70.00 in a research report on Monday, December 1st.

Barrick Gold Price Performance

Shares of ABX opened at C$63.74 on Wednesday. The firm’s 50 day moving average price is C$63.49 and its 200 day moving average price is C$50.26. Barrick Gold has a twelve month low of C$24.28 and a twelve month high of C$74.00. The firm has a market cap of C$106.79 billion, a PE ratio of 21.75, a PEG ratio of 2.34 and a beta of 1.47. The company has a debt-to-equity ratio of 19.83, a quick ratio of 2.62 and a current ratio of 2.65.

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