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

Shares of Barrick Gold Co. (TSE:ABX) (NYSE:ABX) have been given an average recommendation of “Buy” by the thirteen brokerages that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, seven have issued a buy recommendation and five have given a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is C$79.63.

ABX has been the subject of a number of research reports. BNP Paribas Exane upgraded Barrick Gold to a “strong-buy” rating in a research report on Friday, December 5th. Stifel Nicolaus raised their target price on 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. DZ Bank raised shares of Barrick Gold to a “strong-buy” rating in a report on Monday, January 19th. Cormark increased their price objective on shares of Barrick Gold from C$66.00 to C$78.00 in a research note on Tuesday, November 25th. Finally, Citigroup raised shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, November 24th.

Insider Transactions at Barrick Gold

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

Barrick Gold Price Performance

TSE:ABX opened at C$62.01 on Friday. The company has a debt-to-equity ratio of 17.89, a current ratio of 2.92 and a quick ratio of 2.62. The stock has a market cap of C$103.89 billion, a P/E ratio of 21.16, a PEG ratio of 2.34 and a beta of 1.47. The company has a fifty day moving average price of C$65.69 and a 200 day moving average price of C$54.10. Barrick Gold has a one year low of C$24.28 and a one year high of C$74.00.

Barrick Gold (TSE:ABX) (NYSE:ABX) last announced its quarterly earnings data on Thursday, February 5th. The basic materials company reported C$1.43 EPS for the quarter. Barrick Gold had a net margin of 29.90% and a return on equity of 20.13%. The business had revenue of C$8.01 billion during the quarter. Analysts anticipate that Barrick Gold will post 2.2422764 earnings per share for the current year.

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.