Barrick Gold (TSE:ABX) Stock Price Up 3.6% – Still a Buy?

Shares of Barrick Gold Co. (TSE:ABX) (NYSE:ABX) were up 3.6% during trading on Wednesday . The company traded as high as C$26.37 and last traded at C$25.87. Approximately 1,587,683 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 3,469,223 shares. The stock had previously closed at C$24.98.

Analysts Set New Price Targets

Several research firms have recently weighed in on ABX. Royal Bank of Canada raised their price objective on shares of Barrick Gold to C$19.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Canaccord Genuity Group dropped their price target on Barrick Gold from C$33.50 to C$30.00 in a research note on Wednesday, January 15th. TD Cowen reiterated a “buy” rating and set a C$36.00 price objective on shares of Barrick Gold in a research report on Tuesday, January 14th. UBS Group raised Barrick Gold from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Finally, Scotiabank cut shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 21st. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$32.50.

Barrick Gold Stock Performance

The business has a fifty day moving average of C$26.15 and a 200-day moving average of C$25.39. The company has a market cap of C$32.01 billion, a PE ratio of 19.83, a P/E/G ratio of 2.34 and a beta of 0.48. The company has a current ratio of 2.65, a quick ratio of 2.62 and a debt-to-equity ratio of 19.83.

Insider Activity

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, Director Dennis Mark Bristow acquired 230,872 shares of the stock in a transaction on Tuesday, February 25th. The shares were purchased at an average cost of C$25.71 per share, with a total value of C$5,936,042.34. Insiders own 0.60% of the company’s stock.

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.