Brokerages Set Barrick Gold Co. (TSE:ABX) Target Price at C$32.36

Shares of Barrick Gold Co. (TSE:ABX) (NYSE:ABX) have received an average rating of “Moderate Buy” from the thirteen research firms that are currently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and three have issued a strong buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$32.50.

ABX has been the topic of several research analyst reports. National Bankshares increased their target price on Barrick Gold from C$27.00 to C$33.00 and gave the stock a “sector perform” rating in a report on Wednesday, March 19th. TD Cowen reissued a “buy” rating and set a C$36.00 price objective on shares of Barrick Gold in a report on Tuesday, January 14th. National Bank Financial raised shares of Barrick Gold to a “hold” rating in a research note on Friday, March 21st. Sanford C. Bernstein increased their price target on shares of Barrick Gold from C$40.00 to C$45.00 in a research note on Friday, April 4th. Finally, Scotiabank lowered shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st.

Insider Activity

In other Barrick Gold news, Senior Officer Henri Louis Gonin sold 1,000 shares of Barrick Gold stock in a transaction dated 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 purchased 230,872 shares of the stock in a transaction on Tuesday, February 25th. The stock was acquired at an average price of C$25.71 per share, with a total value of C$5,936,042.34. 0.60% of the stock is currently owned by company insiders.

Barrick Gold Stock Performance

TSE ABX opened at C$26.53 on Monday. Barrick Gold has a 1-year low of C$21.73 and a 1-year high of C$29.50. The company has a 50 day moving average of C$26.26 and a 200-day moving average of C$25.38. The company has a current ratio of 2.65, a quick ratio of 2.62 and a debt-to-equity ratio of 19.83. The firm has a market cap of C$32.25 billion, a price-to-earnings ratio of 19.98, a PEG ratio of 2.34 and a beta of 0.48.

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.