Barrick Gold Co. (TSE:ABX) Given Consensus Rating of “Buy” by Analysts

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) has received a consensus rating of “Buy” from the thirteen analysts that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$67.67.

Several research analysts have weighed in on ABX shares. Barclays upped their price objective on shares of Barrick Gold from C$55.00 to C$58.00 in a research note on Thursday, August 13th. National Bank Financial boosted their price target on shares of Barrick Gold from C$67.50 to C$70.00 and gave the company an “outperform” rating in a report on Tuesday, August 11th. Canaccord Genuity Group upped their price target on shares of Barrick Gold from C$68.00 to C$73.00 and gave the stock a “buy” rating in a research note on Tuesday, August 25th. ATB Cormark Capital Markets cut their price objective on Barrick Gold from C$60.00 to C$57.00 and set a “sector perform” rating for the company in a report on Tuesday, August 11th. Finally, Royal Bank Of Canada reduced their price objective on Barrick Gold from C$51.00 to C$49.00 and set an “outperform” rating for the company in a research report on Thursday, July 9th.

Insider Transactions at Barrick Gold

In other news, Director Robert Ananda Paul Samek acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were purchased at an average price of C$55.06 per share, for a total transaction of C$550,600.00. Following the completion of the acquisition, the director owned 18,900 shares of the company’s stock, valued at approximately C$1,040,634. This represents a 112.36% increase in their position. Also, Director Mark Francis Hill sold 9,453 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of C$56.85, for a total transaction of C$537,403.05. Following the transaction, the director directly owned 334,176 shares in the company, valued at approximately C$18,997,905.60. The trade was a 2.75% decrease in their position. In the last 90 days, insiders sold 121,874 shares of company stock worth $7,735,061. 0.60% of the stock is owned by corporate insiders.

Barrick Gold Stock Down 3.1%

Shares of Barrick Gold stock opened at C$63.54 on Friday. Barrick Gold has a 1 year low of C$36.06 and a 1 year high of C$74.00. The company has a market cap of C$106.46 billion, a P/E ratio of 16.42, a P/E/G ratio of 2.34 and a beta of 1.60. The company has a current ratio of 3.01, a quick ratio of 2.62 and a debt-to-equity ratio of 17.15. The stock has a 50-day moving average price of C$55.37 and a 200 day moving average price of C$57.66.

Barrick Gold (TSE:ABX) (NYSE:ABX) last issued its earnings results on Monday, August 10th. The basic materials company reported C$1.17 earnings per share for the quarter. The company had revenue of C$6.06 billion for the quarter. Barrick Gold had a return on equity of 24.57% and a net margin of 31.60%. As a group, analysts expect that Barrick Gold will post 2.2422764 EPS for the current fiscal 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.