ATB Capital Has Lowered Expectations for Barrick Gold (TSE:ABX) Stock Price

Barrick Gold (TSE:ABX) (NYSE:ABX) had its price objective reduced by stock analysts at ATB Capital from C$100.00 to C$94.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the basic materials company’s stock. ATB Capital’s price objective would indicate a potential upside of 49.73% from the company’s current price.

A number of other equities research analysts have also recently commented on ABX. Stifel Nicolaus increased their target price on Barrick Gold from C$46.00 to C$65.00 in a research note on Monday, October 20th. Citigroup raised shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, November 24th. National Bankshares boosted their price objective on shares of Barrick Gold from C$77.50 to C$82.50 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. JPMorgan Chase & Co. set a C$92.00 target price on Barrick Gold and gave the company an “overweight” rating in a research note on Thursday, January 29th. Finally, BNP Paribas Exane raised Barrick Gold to a “strong-buy” rating in a report on Friday, December 5th. Seven analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$64.94.

Barrick Gold Price Performance

ABX stock traded up C$1.03 during mid-day trading on Monday, reaching C$62.78. 1,997,001 shares of the company traded hands, compared to its average volume of 5,162,077. The company has a fifty day moving average price of C$63.28 and a 200-day moving average price of C$49.78. The company has a debt-to-equity ratio of 19.83, a current ratio of 2.65 and a quick ratio of 2.62. Barrick Gold has a 52-week low of C$24.28 and a 52-week high of C$74.00. The company has a market capitalization of C$105.18 billion, a P/E ratio of 30.18, a P/E/G ratio of 2.34 and a beta of 1.47.

Barrick Gold (TSE:ABX) (NYSE:ABX) last announced its earnings results on Monday, November 10th. The basic materials company reported C$0.58 earnings per share 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 for the quarter. As a group, analysts anticipate 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.