Barrick Gold (TSE:ABX) Given New C$91.00 Price Target at JPMorgan Chase & Co.

Barrick Gold (TSE:ABX) (NYSE:ABX) had its target price raised by equities research analysts at JPMorgan Chase & Co. from C$89.00 to C$91.00 in a research report issued on Wednesday,BayStreet.CA reports. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 33.06% from the company’s current price.

A number of other analysts also recently issued reports on ABX. National Bank Financial lowered their price target on shares of Barrick Gold from C$82.50 to C$75.00 and set an “outperform” rating on the stock in a report on Tuesday, February 10th. DZ Bank raised Barrick Gold to a “strong-buy” rating in a research note on Monday, January 19th. Canaccord Genuity Group cut their price target on shares of Barrick Gold from C$80.00 to C$77.00 in a report on Wednesday, February 18th. Cormark increased their price objective on shares of Barrick Gold from C$66.00 to C$78.00 in a report on Tuesday, November 25th. Finally, Stifel Nicolaus upped their price target on shares of Barrick Gold from C$65.00 to C$95.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. Six investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$74.25.

Barrick Gold Price Performance

Shares of TSE:ABX traded up C$0.24 on Wednesday, reaching C$68.39. The company’s stock had a trading volume of 1,213,774 shares, compared to its average volume of 6,075,683. The company has a market cap of C$114.58 billion, a P/E ratio of 23.34, 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. The company has a 50-day simple moving average of C$65.03 and a 200 day simple moving average of C$52.74. Barrick Gold has a 52-week low of C$24.28 and a 52-week high of C$74.00.

Barrick Gold (TSE:ABX) (NYSE:ABX) last issued its quarterly earnings results on Thursday, February 5th. The basic materials company reported C$1.43 earnings per share (EPS) for the quarter. The company had revenue of C$8.01 billion during the quarter. Barrick Gold had a return on equity of 6.90% and a net margin of 13.19%. As a group, equities research analysts anticipate that Barrick Gold will post 2.2422764 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Graham Patrick Shuttleworth sold 100,000 shares of the business’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of C$64.72, for a total transaction of C$6,472,000.00. Following the completion of the transaction, the insider owned 487,252 shares in the company, valued at approximately C$31,534,949.44. The trade was a 17.03% decrease in their ownership of the stock. Also, Director Pekka Juhani Vauramo purchased 12,400 shares of the firm’s stock in a transaction on Thursday, February 12th. The shares were acquired at an average cost of C$65.41 per share, with a total value of C$811,084.00. Following the completion of the acquisition, the director directly owned 12,400 shares in the company, valued at C$811,084. The trade was a ∞ increase in their ownership of the stock. 0.60% of the stock is owned by insiders.

Barrick Gold Company Profile

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.