Barrick Gold (TSE:ABX – Get Rating) (NYSE:ABX) had its price target reduced by Canaccord Genuity Group from C$29.00 to C$28.00 in a research report sent to investors on Tuesday morning, BayStreet.CA reports.
ABX has been the subject of several other research reports. Fundamental Research reaffirmed a buy rating and issued a C$26.00 price objective on shares of Barrick Gold in a research note on Tuesday, November 15th. Stifel Nicolaus reduced their price objective on shares of Barrick Gold from C$33.00 to C$29.00 in a research note on Tuesday. Eight Capital reduced their price objective on shares of Barrick Gold from C$32.00 to C$31.00 in a research note on Wednesday, October 26th. Finally, National Bankshares reduced their price objective on shares of Barrick Gold from C$25.00 to C$24.00 in a research note on Tuesday, November 8th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Barrick Gold currently has an average rating of Moderate Buy and an average price target of C$27.13.
Barrick Gold Trading Up 1.1 %
Shares of TSE:ABX opened at C$21.95 on Tuesday. The firm has a fifty day moving average of C$20.63 and a two-hundred day moving average of C$22.09. The firm has a market capitalization of C$38.78 billion and a P/E ratio of 15.46. Barrick Gold has a 12-month low of C$17.88 and a 12-month high of C$33.50. The company has a quick ratio of 2.62, a current ratio of 3.76 and a debt-to-equity ratio of 15.77.
Barrick Gold Cuts Dividend
Insider Transactions at Barrick Gold
In related news, Senior Officer Grant Bill Beringer acquired 10,837 shares of the company’s stock in a transaction dated Thursday, November 17th. The shares were bought at an average price of C$20.69 per share, for a total transaction of C$224,269.55. Following the acquisition, the insider now owns 45,071 shares in the company, valued at approximately C$932,735.33. In other Barrick Gold news, Director Dennis Mark Bristow bought 110,011 shares of the stock in a transaction that occurred on Thursday, November 17th. The shares were acquired at an average price of C$20.69 per share, with a total value of C$2,276,655.64. Following the completion of the purchase, the director now directly owns 5,941,200 shares in the company, valued at approximately C$122,951,945.76. Also, Senior Officer Grant Bill Beringer bought 10,837 shares of the stock in a transaction that occurred on Thursday, November 17th. The stock was acquired at an average cost of C$20.69 per share, for a total transaction of C$224,269.55. Following the purchase, the insider now owns 45,071 shares of the company’s stock, valued at C$932,735.33.
About Barrick Gold
Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties. It has ownership interests in producing gold mines that are located in Argentina, Canada, Côte d'Ivoire, the Democratic Republic of Congo, Dominican Republic, Mali, Tanzania, and the United States.
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