Barrick Gold (TSE:ABX – Get Free Report) (NYSE:ABX) had its target price increased by stock analysts at Canaccord Genuity Group from C$27.00 to C$30.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s price target suggests a potential upside of 32.57% from the company’s previous close.
ABX has been the subject of a number of other reports. Sanford C. Bernstein increased their price objective on Barrick Gold from C$31.00 to C$32.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. Veritas Investment Research upped their price target on Barrick Gold from C$20.70 to C$25.00 in a research report on Friday, April 12th. Stifel Nicolaus raised their price objective on Barrick Gold from C$25.00 to C$27.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Eight Capital lifted their price objective on Barrick Gold from C$32.00 to C$36.00 and gave the stock a “buy” rating in a research note on Monday. Finally, National Bankshares decreased their target price on shares of Barrick Gold from C$30.00 to C$28.00 and set a “sector perform” rating for the company in a research report on Friday, April 19th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$29.27.
Barrick Gold Stock Performance
Barrick Gold (TSE:ABX – Get Free Report) (NYSE:ABX) last posted 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. The firm had revenue of C$4.16 billion for the quarter, compared to analyst estimates of C$4.28 billion. Barrick Gold had a net margin of 11.16% and a return on equity of 6.17%. On average, equities research analysts predict that Barrick Gold will post 1.196793 earnings per share for the current year.
About Barrick Gold
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.
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