Barrick Gold (TSE:ABX) Posts Earnings Results

Barrick Gold (TSE:ABX) (NYSE:ABX) issued its earnings results on Monday. The basic materials company reported C$1.36 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$5.81 billion during the quarter. Barrick Gold had a net margin of 29.39% and a return on equity of 19.79%.

Barrick Gold Stock Performance

Shares of Barrick Gold stock opened at C$64.40 on Tuesday. The company has a market capitalization of C$107.90 billion, a PE ratio of 21.98, a P/E/G ratio of 2.34 and a beta of 1.62. The company has a debt-to-equity ratio of 17.89, a quick ratio of 2.62 and a current ratio of 2.92. The company has a 50-day simple moving average of C$57.90 and a two-hundred day simple moving average of C$58.92. Barrick Gold has a one year low of C$24.29 and a one year high of C$74.00.

Insider Buying and Selling

In other news, Director Pekka Juhani Vauramo bought 12,400 shares of Barrick Gold stock in a transaction on Thursday, February 12th. The stock was acquired at an average cost of C$65.41 per share, for a total transaction of C$811,084.00. Following the completion of the acquisition, the director owned 12,400 shares of the company’s stock, valued at C$811,084. This trade represents a ∞ increase in their position. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ABX shares. National Bank Financial lowered their target price on shares of Barrick Gold from C$75.00 to C$72.50 and set an “outperform” rating for the company in a research note on Friday, April 17th. BMO Capital Markets boosted their target price on shares of Barrick Gold from C$55.00 to C$65.00 in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. lowered their target price on shares of Barrick Gold from C$91.00 to C$79.00 in a research note on Thursday, April 23rd. Stifel Nicolaus boosted their target price on shares of Barrick Gold from C$65.00 to C$95.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Finally, Sanford C. Bernstein boosted their target price on shares of Barrick Gold from C$86.00 to C$91.00 in a research note on Monday, April 20th. Five analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$79.06.

About Barrick Gold

Barrick is a leading global mining, exploration and development company. With one of the largest portfolios of world-class and long-life gold and copper assets in the industry – including six of the world’s Tier One gold mines -Barrick’s operations and projects span 18 countries and five continents. Barrick is also the largest gold producer in the United States. We create real, long-term value for all stakeholders through responsible mining, strong partnerships and a disciplined approach to growth.