Barrick Gold (TSE:ABX – Get Free Report) (NYSE:ABX) had its price target upped by investment analysts at Stifel Nicolaus from C$25.00 to C$27.00 in a research report issued on Friday, BayStreet.CA reports. The firm currently has a “buy” rating on the basic materials company’s stock. Stifel Nicolaus’ target price indicates a potential upside of 15.04% from the company’s previous close.
ABX has been the topic of a number of other research reports. TD Securities restated a “buy” rating and issued a C$29.00 price target on shares of Barrick Gold in a report on Tuesday. National Bankshares lowered their target price on Barrick Gold from C$30.00 to C$28.00 and set a “sector perform” rating on the stock in a report on Friday. National Bank Financial reiterated a “sector perform overweight” rating on shares of Barrick Gold in a report on Monday, April 8th. CIBC restated an “outperform” rating and set a C$31.00 price objective on shares of Barrick Gold in a report on Thursday, February 15th. Finally, Raymond James decreased their price objective on Barrick Gold from C$28.00 to C$24.00 in a report on Friday, February 16th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$28.60.
Get Our Latest Stock Analysis on Barrick Gold
Barrick Gold Stock Performance
Barrick Gold (TSE:ABX – Get Free Report) (NYSE:ABX) last issued its earnings results on Wednesday, February 14th. The basic materials company reported C$0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.28 by C$0.09. The business had revenue of C$4.16 billion during the quarter, compared to the consensus estimate of C$4.28 billion. Barrick Gold had a return on equity of 6.17% and a net margin of 11.16%. Sell-side analysts anticipate that Barrick Gold will post 1.196793 earnings per share for the current year.
About Barrick Gold
Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties in Canada and internationally. The company also explores and sells silver and energy materials. It has ownership interests in producing gold mines located in Argentina, Canada, Côte d'Ivoire, the Democratic Republic of Congo, the Dominican Republic, Mali, Tanzania, and the United States.
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