Barrick Gold (TSE:ABX) Raised to “Hold” at Barclays

Barrick Gold (TSE:ABX) (NYSE:ABX) was upgraded by investment analysts at Barclays to a “hold” rating in a report released on Thursday,Zacks.com reports.

A number of other equities analysts also recently issued reports on ABX. JPMorgan Chase & Co. dropped their price objective on shares of Barrick Gold from C$91.00 to C$79.00 in a report on Thursday, April 23rd. BMO Capital Markets increased their price target on shares of Barrick Gold from C$55.00 to C$65.00 in a research report on Wednesday, April 22nd. Stifel Nicolaus boosted their price objective on shares of Barrick Gold from C$65.00 to C$95.00 and gave the company a “buy” rating in a research report on Tuesday, February 10th. Sanford C. Bernstein upped their price objective on Barrick Gold from C$86.00 to C$91.00 in a research note on Monday, April 20th. Finally, Canaccord Genuity Group decreased their target price on Barrick Gold from C$80.00 to C$77.00 in a report on Wednesday, February 18th. Five investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$76.78.

Barrick Gold Stock Performance

Shares of ABX opened at C$56.21 on Thursday. The firm has a market capitalization of C$94.18 billion, a P/E ratio of 15.53, a PEG ratio of 2.34 and a beta of 1.62. The company has a debt-to-equity ratio of 17.29, a current ratio of 3.06 and a quick ratio of 2.62. Barrick Gold has a one year low of C$25.56 and a one year high of C$74.00. The business has a fifty day moving average of C$56.75 and a 200 day moving average of C$59.62.

Barrick Gold (TSE:ABX) (NYSE:ABX) last posted its earnings results on Monday, May 11th. The basic materials company reported C$1.36 earnings per share for the quarter. The company had revenue of C$5.81 billion for the quarter. Barrick Gold had a return on equity of 23.48% and a net margin of 32.04%. As a group, sell-side analysts anticipate that Barrick Gold will post 2.2422764 EPS 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.