Sanford C. Bernstein Issues Positive Forecast for Barrick Gold (TSE:ABX) Stock Price

Barrick Gold (TSE:ABX) (NYSE:ABX) had its target price increased by Sanford C. Bernstein from C$40.00 to C$45.00 in a research report released on Friday,BayStreet.CA reports.

Several other research analysts have also recently issued reports on the company. Royal Bank of Canada increased their price target on Barrick Gold to C$19.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Canaccord Genuity Group dropped their price target on shares of Barrick Gold from C$33.50 to C$30.00 in a research report on Wednesday, January 15th. Scotiabank cut shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st. Stifel Canada raised Barrick Gold to a “strong-buy” rating in a report on Wednesday, March 19th. Finally, UBS Group raised Barrick Gold from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, Barrick Gold has an average rating of “Moderate Buy” and a consensus price target of C$32.36.

Barrick Gold Stock Down 8.0 %

ABX stock opened at C$25.11 on Friday. The company has a quick ratio of 2.62, a current ratio of 2.65 and a debt-to-equity ratio of 19.83. The firm’s 50-day simple moving average is C$26.03 and its 200 day simple moving average is C$25.42. The stock has a market cap of C$30.52 billion, a PE ratio of 18.91, a price-to-earnings-growth ratio of 2.34 and a beta of 0.48. Barrick Gold has a fifty-two week low of C$21.73 and a fifty-two week high of C$29.50.

Insider Buying and Selling at Barrick Gold

In other Barrick Gold news, Director Dennis Mark Bristow purchased 230,872 shares of the stock in a transaction dated Tuesday, February 25th. The shares were acquired at an average price of C$25.71 per share, for a total transaction of C$5,936,042.34. Also, Senior Officer Henri Louis Gonin sold 1,000 shares of the company’s stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of C$27.72, for a total value of C$27,720.55. 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.