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

Shares of Barrick Gold Co. (TSE:ABX) (NYSE:ABX) have been assigned an average recommendation of “Buy” from the twelve research firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and five have assigned a strong buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$76.78.

ABX has been the topic of a number of recent research reports. Sanford C. Bernstein lifted their price objective on Barrick Gold from C$86.00 to C$91.00 in a report on Monday, April 20th. JPMorgan Chase & Co. dropped their target price on Barrick Gold from C$91.00 to C$79.00 in a report on Thursday, April 23rd. ATB Cormark Capital Markets downgraded Barrick Gold from a “moderate buy” rating to a “hold” rating and raised their target price for the stock from C$70.00 to C$75.00 in a research report on Tuesday, April 7th. National Bank Financial boosted their price target on Barrick Gold from C$72.50 to C$75.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. Finally, Barclays set a C$56.00 price target on Barrick Gold and gave the company an “equal weight” rating in a research report on Friday, May 22nd.

Barrick Gold Stock Down 3.4%

ABX opened at C$50.53 on Friday. The company has a market capitalization of C$84.66 billion, a P/E ratio of 13.96, a P/E/G ratio of 2.34 and a beta of 1.60. The company has a debt-to-equity ratio of 17.29, a current ratio of 3.06 and a quick ratio of 2.62. The firm’s fifty day moving average price is C$56.07 and its two-hundred day moving average price is C$59.98. Barrick Gold has a fifty-two week low of C$28.17 and a fifty-two week high of C$74.00.

Barrick Gold (TSE:ABX) (NYSE:ABX) last released its quarterly earnings data on Monday, May 11th. The basic materials company reported C$1.36 EPS for the quarter. The company had revenue of C$5.81 billion during the quarter. Barrick Gold had a net margin of 32.04% and a return on equity of 23.48%. On average, analysts anticipate that Barrick Gold will post 2.2422764 EPS for the current year.

Insider Buying and Selling at Barrick Gold

In other news, Director Robert Ananda Paul Samek bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was acquired at an average price of C$55.06 per share, for a total transaction of C$550,600.00. Following the transaction, the director directly owned 18,900 shares of the company’s stock, valued at C$1,040,634. This trade represents a 112.36% increase in their position. Also, Director Mark Francis Hill sold 9,453 shares of Barrick Gold stock in a transaction dated 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 of the company’s stock, valued at C$18,997,905.60. This represents a 2.75% decrease in their ownership of the stock. Insiders sold a total of 134,422 shares of company stock worth $7,695,879 in the last 90 days. 0.60% of the stock is owned by corporate insiders.

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.