Sanford C. Bernstein Lowers Barrick Gold (TSE:ABX) Price Target to C$43.00

Barrick Gold (TSE:ABX) (NYSE:ABX) had its price target trimmed by Sanford C. Bernstein from C$45.00 to C$43.00 in a report published on Friday,BayStreet.CA reports. The firm currently has an outperform rating on the basic materials company’s stock.

A number of other research analysts have also issued reports on ABX. UBS Group upgraded shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Royal Bank of Canada raised their price target on Barrick Gold to C$19.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. 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. Scotiabank lowered Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st. Finally, Canaccord Genuity Group cut their price target on Barrick Gold from C$33.50 to C$30.00 in a report on Wednesday, January 15th. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$33.67.

Barrick Gold Stock Down 0.1 %

ABX opened at C$25.42 on Friday. The firm has a market cap of C$30.90 billion, a P/E ratio of 19.14, a price-to-earnings-growth ratio of 2.34 and a beta of 0.48. The company has a debt-to-equity ratio of 19.83, a quick ratio of 2.62 and a current ratio of 2.65. The business has a 50 day moving average price of C$26.88 and a 200 day moving average price of C$25.36. Barrick Gold has a twelve month low of C$21.73 and a twelve month high of C$29.50.

Insiders Place Their Bets

In other Barrick Gold news, Senior Officer Henri Louis Gonin sold 1,000 shares of Barrick Gold stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of C$27.72, for a total transaction of C$27,720.55. Also, Senior Officer Poupak Bahamin sold 17,633 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of C$25.96, for a total value of C$457,781.77. Corporate insiders own 0.60% of the company’s stock.

About Barrick Gold

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.