Barrick Gold (TSE:ABX) PT Raised to C$32.00 at Sanford C. Bernstein

Barrick Gold (TSE:ABX) (NYSE:ABX) had its price objective increased by Sanford C. Bernstein from C$31.00 to C$32.00 in a research note issued to investors on Thursday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the basic materials company’s stock. Sanford C. Bernstein’s price objective suggests a potential upside of 36.00% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. National Bank Financial reaffirmed a “sector perform overweight” rating on shares of Barrick Gold in a research report on Monday, April 8th. Stifel Nicolaus reduced their price target on shares of Barrick Gold from C$30.00 to C$25.00 and set a “buy” rating for the company in a research report on Friday, January 26th. Raymond James reduced their price target on shares of Barrick Gold from C$28.00 to C$24.00 in a research report on Friday, February 16th. National Bankshares reduced their price target on shares of Barrick Gold from C$29.00 to C$28.00 and set a “sector perform” rating for the company in a research report on Tuesday, February 6th. Finally, Veritas Investment Research upped their price target on shares of Barrick Gold from C$20.70 to C$25.00 in a research report on Friday, April 12th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$28.60.

Barrick Gold Price Performance

Shares of TSE:ABX opened at C$23.53 on Thursday. Barrick Gold has a fifty-two week low of C$18.65 and a fifty-two week high of C$28.19. The business has a 50-day simple moving average of C$21.59 and a two-hundred day simple moving average of C$21.99. The company has a debt-to-equity ratio of 16.32, a quick ratio of 2.62 and a current ratio of 3.16. The firm has a market cap of C$41.41 billion, a price-to-earnings ratio of 23.77, a price-to-earnings-growth ratio of 1.94 and a beta of 0.46.

Barrick Gold (TSE:ABX) (NYSE:ABX) last issued its earnings results on Wednesday, February 14th. The basic materials company reported C$0.37 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.28 by C$0.09. Barrick Gold had a return on equity of 6.17% and a net margin of 11.16%. The business had revenue of C$4.16 billion during the quarter, compared to analyst estimates of C$4.28 billion. On average, analysts expect that Barrick Gold will post 1.196793 earnings per share for the current year.

Barrick Gold Company Profile

Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties in Canada and internationally. The company also explores and sells silver and energy materials. It has ownership interests in producing gold mines located in Argentina, Canada, Côte d'Ivoire, the Democratic Republic of Congo, the Dominican Republic, Mali, Tanzania, and the United States.