Barrick Gold Co. (TSE:ABX) Stock Has Consensus Target Price of C$66.27

Shares of Barrick Gold Co. (TSE:ABX) (NYSE:ABX) have received a consensus recommendation of “Moderate Buy” from the fourteen analysts that are presently covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$66.27.

A number of brokerages recently weighed in on ABX. Barclays boosted their price objective on Barrick Gold from C$55.00 to C$58.00 in a research report on Thursday, August 13th. Freedom Broker downgraded Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 22nd. ATB Cormark Capital Markets cut their price target on Barrick Gold from C$60.00 to C$57.00 and set a “sector perform” rating on the stock in a research note on Tuesday, August 11th. Canadian Imperial Bank of Commerce lowered Barrick Gold from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 15th. Finally, Stifel Nicolaus reduced their price target on Barrick Gold from C$90.00 to C$84.00 and set a “buy” rating on the stock in a report on Monday, October 19th.

Barrick Gold Stock Performance

TSE ABX opened at C$53.96 on Friday. The firm’s fifty day moving average price is C$57.61 and its two-hundred day moving average price is C$58.03. The stock has a market cap of C$87.88 billion, a PE ratio of 13.80, a PEG ratio of 2.34 and a beta of 1.86. Barrick Gold has a fifty-two week low of C$47.70 and a fifty-two week high of C$74.00. The company has a debt-to-equity ratio of 16.97, a quick ratio of 2.62 and a current ratio of 2.73.

Barrick Gold (TSE:ABX) (NYSE:ABX) last announced its quarterly earnings results on Monday, November 9th. The basic materials company reported C$1.17 earnings per share (EPS) for the quarter. Barrick Gold had a net margin of 30.30% and a return on equity of 24.16%. The company had revenue of C$5.90 billion during the quarter. On average, equities analysts expect that Barrick Gold will post 2.24 EPS for the current fiscal year.

Insider Buying and Selling

In other Barrick Gold news, insider Darian Kevin Rich sold 75,452 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of C$67.99, for a total transaction of C$5,129,981.48. Following the sale, the insider directly owned 235,252 shares of the company’s stock, valued at C$15,994,783.48. The trade was a 24.28% decrease in their position. Also, insider Sarah Anna Ball Teslik purchased 12,613 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was acquired at an average price of C$67.27 per share, with a total value of C$848,476.51. Following the completion of the transaction, the insider owned 12,613 shares in the company, valued at approximately C$848,476.51. This trade represents a ∞ increase in their position. 0.60% of the stock is owned by corporate insiders.

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, Barrick’s operations and projects span 17 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. Barrick shares trade on the New York Stock Exchange under the symbol ‘B’ and on the Toronto Stock Exchange under the symbol ‘ABX’.