Barrick Gold Co. (TSE:ABX) Given Consensus Recommendation of “Moderate Buy” by Analysts

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) has been given a consensus rating of “Moderate Buy” by the eleven ratings firms that are covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$31.55.

Several research firms have recently commented on ABX. Canaccord Genuity Group reduced their price objective on Barrick Gold from C$33.50 to C$30.00 in a research note on Wednesday, January 15th. UBS Group upgraded Barrick Gold from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Royal Bank of Canada upped their price objective on Barrick Gold to C$19.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. National Bankshares upped their price objective on Barrick Gold from C$27.00 to C$33.00 and gave the stock a “sector perform” rating in a research note on Wednesday. Finally, Stifel Nicolaus reduced their price objective on Barrick Gold from C$33.50 to C$32.00 in a research note on Monday, December 2nd.

Insider Buying and Selling at Barrick Gold

In related news, Director Dennis Mark Bristow acquired 230,872 shares of the company’s stock in a transaction on Tuesday, February 25th. The stock was acquired at an average price 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 stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of C$25.96, for a total transaction of C$457,781.77. Insiders own 0.60% of the company’s stock.

Barrick Gold Trading Up 0.6 %

TSE:ABX opened at C$27.81 on Thursday. The company has a debt-to-equity ratio of 19.83, a current ratio of 2.65 and a quick ratio of 2.62. The firm has a market capitalization of C$33.80 billion, a price-to-earnings ratio of 20.94, a price-to-earnings-growth ratio of 2.34 and a beta of 0.48. Barrick Gold has a one year low of C$20.65 and a one year high of C$29.50. The business has a fifty day moving average price of C$24.93 and a 200-day moving average price of C$25.41.

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.