Barrick Gold (TSE:ABX) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Barrick Gold Co. (TSE:ABX) (NYSE:ABX)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$25.30 and traded as high as C$26.56. Barrick Gold shares last traded at C$26.48, with a volume of 4,162,738 shares changing hands.

Analyst Ratings Changes

ABX has been the subject of a number of recent research reports. Stifel Nicolaus reduced their price objective on shares of Barrick Gold from C$33.50 to C$32.00 in a research note on Monday, December 2nd. TD Cowen reiterated a “buy” rating and issued a C$36.00 price objective on shares of Barrick Gold in a research note on Tuesday, January 14th. National Bankshares reduced their price target on shares of Barrick Gold from C$26.00 to C$24.00 and set a “sector perform” rating for the company in a research report on Thursday, January 16th. Royal Bank of Canada boosted their price target on shares of Barrick Gold to C$19.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Finally, Scotiabank lowered shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$30.73.

Barrick Gold Price Performance

The company has a current ratio of 2.65, a quick ratio of 2.62 and a debt-to-equity ratio of 19.83. The company has a market capitalization of C$32.18 billion, a P/E ratio of 19.94, a P/E/G ratio of 2.34 and a beta of 0.48. The business’s fifty day moving average price is C$24.05 and its 200-day moving average price is C$25.30.

Insider Transactions at Barrick Gold

In other Barrick Gold news, Director Dennis Mark Bristow purchased 230,872 shares of the stock in a transaction on Tuesday, February 25th. The stock was acquired at an average cost of C$25.71 per share, with a total value of C$5,936,042.34. Also, Senior Officer Poupak Bahamin sold 17,633 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of C$25.96, for a total transaction of C$457,781.77. 0.60% of the stock is currently owned by insiders.

Barrick Gold Company Profile

Barrick Gold Corp is one of the world’s largest gold producers, operating mines in North America, South America, Australia, and Africa. The company segments consist of nine gold mines namely Carlin, Cortez, Turquoise Ridge, Pueblo Viejo, Loulo-Gounkoto, Kibali, Veladero, North Mara, and Bulyanhulu. It generates maximum revenue from the Carlin mine segment.