Barrick Gold Corp. (NYSE:ABX) traded up 2.5% during mid-day trading on Thursday . The stock traded as high as $20.58 and last traded at $20.40, with a volume of 16,177,336 shares. The stock had previously closed at $19.91.

Several equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Barrick Gold Corp. from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Tuesday, July 12th. Jefferies Group raised shares of Barrick Gold Corp. from a “hold” rating to a “buy” rating and raised their price target for the stock from $21.08 to $26.00 in a research note on Thursday, July 14th. Credit Suisse Group AG reaffirmed a “buy” rating and set a $17.00 price target on shares of Barrick Gold Corp. in a research note on Wednesday, June 29th. Goldman Sachs Group Inc. reaffirmed a “conviction-buy” rating and set a $27.00 price target (up from $23.00) on shares of Barrick Gold Corp. in a research note on Monday, June 27th. Finally, Mackie cut shares of Barrick Gold Corp. from a “hold” rating to a “sell” rating in a research note on Monday, June 20th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. Barrick Gold Corp. currently has a consensus rating of “Buy” and an average price target of $17.25.

The firm has a 50 day moving average price of $20.61 and a 200-day moving average price of $15.58. The company’s market capitalization is $23.95 billion.

Barrick Gold Corp. (NYSE:ABX) last posted its quarterly earnings results on Tuesday, April 26th. The company reported $0.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.01. The company earned $1.93 billion during the quarter, compared to the consensus estimate of $1.95 billion. The firm’s revenue for the quarter was down 14.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.05 earnings per share. On average, analysts expect that Barrick Gold Corp. will post $0.66 EPS for the current fiscal year.

Other hedge funds and institutional investors have modified their holdings of the company. Jennison Associates LLC increased its position in shares of Barrick Gold Corp. by 15.7% in the fourth quarter. Jennison Associates LLC now owns 5,450,365 shares of the company’s stock valued at $40,224,000 after buying an additional 740,712 shares in the last quarter. I.G. Investment Management LTD. increased its position in shares of Barrick Gold Corp. by 99.2% in the fourth quarter. I.G. Investment Management LTD. now owns 664,800 shares of the company’s stock valued at $4,922,000 after buying an additional 331,083 shares in the last quarter. OppenheimerFunds Inc. increased its position in shares of Barrick Gold Corp. by 14.1% in the fourth quarter. OppenheimerFunds Inc. now owns 2,210,386 shares of the company’s stock valued at $16,313,000 after buying an additional 272,886 shares in the last quarter. Deere & Co. acquired a new position in shares of Barrick Gold Corp. during the fourth quarter valued at approximately $1,776,000. Finally, Marshall Wace LLP acquired a new position in shares of Barrick Gold Corp. during the fourth quarter valued at approximately $1,326,000.

Barrick Gold Corporation (Barrick) is engaged in the production and sale of gold, as well as related activities, such as exploration and mine development. The Company produces copper, principally from its Zaldivar joint venture and Lumwana mine, and holds other interests. Barricks’ segments include Cortez, Goldstrike, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Porgera, Kalgoorlie, Acacia Mining plc, Lumwana, Zaldivar and Pascua-Lama Project.

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