Barrick Gold (TSE:ABX) Stock Price Expected to Rise, National Bankshares Analyst Says

Barrick Gold (TSE:ABX) (NYSE:ABX) had its target price hoisted by National Bankshares from C$27.00 to C$33.00 in a report issued on Wednesday morning,BayStreet.CA reports. National Bankshares currently has a sector perform rating on the basic materials company’s stock.

A number of other analysts also recently weighed in on the company. Canaccord Genuity Group decreased their price target on Barrick Gold from C$33.50 to C$30.00 in a report on Wednesday, January 15th. Cibc World Mkts cut Barrick Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 25th. UBS Group raised Barrick Gold from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. TD Cowen reaffirmed a “buy” rating and set a C$36.00 price objective on shares of Barrick Gold in a research report on Tuesday, January 14th. Finally, Royal Bank of Canada boosted their target price on shares of Barrick Gold to C$19.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$31.55.

Barrick Gold Trading Up 0.6 %

TSE:ABX opened at C$27.81 on Wednesday. Barrick Gold has a 52 week low of C$20.65 and a 52 week high of C$29.50. The firm’s fifty day moving average is C$24.93 and its 200-day moving average is C$25.41. The firm has a market cap of C$33.80 billion, a P/E ratio of 20.94, a P/E/G ratio of 2.34 and a beta of 0.48. The company has a debt-to-equity ratio of 19.83, a quick ratio of 2.62 and a current ratio of 2.65.

Insider Activity at Barrick Gold

In related news, Director Dennis Mark Bristow acquired 230,872 shares of the stock in a transaction dated Tuesday, February 25th. The stock was purchased at an average cost of C$25.71 per share, with a total value of C$5,936,042.34. Also, Senior Officer Poupak Bahamin sold 17,633 shares of Barrick Gold stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of C$25.96, for a total value of C$457,781.77. 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.