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

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) has been assigned a consensus recommendation of “Moderate Buy” from the thirteen research firms that are covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$33.67.

A number of brokerages recently commented on ABX. Royal Bank of Canada boosted their target price on Barrick Gold to C$19.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. National Bankshares boosted their price objective on Barrick Gold from C$27.00 to C$33.00 and gave the stock a “sector perform” rating in a report on Wednesday, March 19th. BMO Capital Markets raised Barrick Gold to a “hold” rating in a report on Tuesday, April 15th. Sanford C. Bernstein decreased their price objective on Barrick Gold from C$45.00 to C$43.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. Finally, Stifel Nicolaus boosted their price objective on Barrick Gold from C$34.00 to C$37.00 and gave the stock a “buy” rating in a report on Monday, April 21st.

Insider Activity

In other Barrick Gold news, Senior Officer Henri Louis Gonin sold 1,000 shares of the stock in a transaction 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. 0.60% of the stock is currently owned by corporate insiders.

Barrick Gold Stock Performance

Shares of Barrick Gold stock opened at C$26.23 on Tuesday. Barrick Gold has a one year low of C$21.73 and a one year high of C$29.50. The firm has a market capitalization of C$31.88 billion, a price-to-earnings ratio of 19.75, a PEG ratio of 2.34 and a beta of 0.48. The business has a 50-day simple moving average of C$26.56 and a 200 day simple moving average of C$25.19. The company has a debt-to-equity ratio of 19.83, a current ratio of 2.65 and a quick ratio of 2.62.

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.