Barrick Gold Co. (ABX.TO) – What Are Researchers Thinking About This Stock?

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) has received a consensus rating of “Moderate Buy” from the fourteen analysts that are presently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and three have issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$67.67.

Several analysts have recently weighed in on ABX shares. Barclays lifted their target price on shares of Barrick Gold from C$55.00 to C$58.00 in a report on Thursday, August 13th. Royal Bank Of Canada cut their price target on shares of Barrick Gold from C$51.00 to C$49.00 and set an “outperform” rating for the company in a report on Thursday, July 9th. Canadian Imperial Bank of Commerce cut shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Thursday. ATB Cormark Capital Markets reduced their price objective on shares of Barrick Gold from C$60.00 to C$57.00 and set a “sector perform” rating for the company in a research report on Tuesday, August 11th. Finally, Raymond James Financial lowered their price objective on Barrick Gold from C$58.00 to C$56.00 and set an “outperform” rating on the stock in a report on Tuesday, August 11th.

Barrick Gold Stock Performance

TSE:ABX opened at C$57.74 on Monday. The firm’s fifty day moving average price is C$59.99 and its 200 day moving average price is C$57.14. Barrick Gold has a 1-year low of C$42.62 and a 1-year high of C$74.00. The company has a debt-to-equity ratio of 17.15, a current ratio of 3.01 and a quick ratio of 2.62. The firm has a market cap of C$95.03 billion, a price-to-earnings ratio of 14.92, a price-to-earnings-growth ratio of 2.34 and a beta of 1.63.

Barrick Gold (TSE:ABX) (NYSE:ABX) last announced its quarterly earnings data on Monday, August 10th. The basic materials company reported C$1.17 EPS for the quarter. The company had revenue of C$6.06 billion during the quarter. Barrick Gold had a net margin of 31.60% and a return on equity of 24.57%. On average, sell-side analysts expect that Barrick Gold will post 2.24 EPS for the current year.

Insider Transactions at Barrick Gold

In related news, Director Mark Francis Hill sold 174,778 shares of Barrick Gold stock in a transaction that occurred on Friday, September 25th. The stock was sold at an average price of C$59.47, for a total value of C$10,394,047.66. Following the sale, the director directly owned 125,914 shares in the company, valued at C$7,488,105.58. The trade was a 58.13% decrease in their ownership of the stock. Also, insider Sarah Anna Ball Teslik acquired 12,613 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The shares were acquired at an average cost of C$67.27 per share, for a total transaction of C$848,476.51. Following the acquisition, the insider directly owned 12,613 shares of the company’s stock, valued at C$848,476.51. This trade represents a ∞ increase in their ownership of the stock. Company insiders own 0.60% of the company’s stock.

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.