Barrick Gold (TSE:ABX) Given New C$65.00 Price Target at National Bankshares

Barrick Gold (TSE:ABX) (NYSE:ABX) had its target price raised by National Bankshares from C$60.00 to C$65.00 in a report published on Wednesday,BayStreet.CA reports. National Bankshares currently has an outperform rating on the basic materials company’s stock.

A number of other research analysts also recently commented on the stock. Canaccord Genuity Group increased their price target on shares of Barrick Gold from C$39.00 to C$57.00 and gave the company a “buy” rating in a report on Thursday, October 9th. BMO Capital Markets raised their price objective on shares of Barrick Gold from C$37.00 to C$41.00 in a research note on Monday, September 22nd. National Bank Financial raised shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 19th. Cibc World Mkts raised shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 12th. Finally, Cormark raised their price objective on shares of Barrick Gold from C$35.00 to C$45.00 in a research note on Thursday, September 18th. Four equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$42.88.

Barrick Gold Stock Up 4.1%

Shares of TSE:ABX opened at C$48.70 on Wednesday. The company has a current ratio of 2.65, a quick ratio of 2.62 and a debt-to-equity ratio of 19.83. Barrick Gold has a 12 month low of C$21.73 and a 12 month high of C$49.92. The company has a 50-day moving average price of C$40.56 and a 200 day moving average price of C$32.12. The company has a market cap of C$83.08 billion, a price-to-earnings ratio of 30.63, a PEG ratio of 2.34 and a beta of 1.06.

Insider Activity at Barrick Gold

In other news, insider Rousseau Jooste sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of C$40.70, for a total transaction of C$122,112.00. Following the transaction, the insider directly owned 58,237 shares of the company’s stock, valued at approximately C$2,370,478.85. This trade represents a 4.90% decrease in their ownership of the stock. Also, insider Poupak Bahamin sold 8,402 shares of the firm’s stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of C$41.21, for a total transaction of C$346,269.11. Following the transaction, the insider directly owned 29,400 shares in the company, valued at approximately C$1,211,653.38. This trade represents a 22.23% decrease in their ownership of the stock. In the last three months, insiders sold 62,990 shares of company stock valued at $2,580,075. 0.60% of the stock is owned by insiders.

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.