Barrick Gold Co. (TSE:ABX) Receives C$53.69 Average PT from Analysts

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) has been given a consensus rating of “Buy” by the fourteen analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and seven have issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$56.21.

A number of brokerages have recently weighed in on ABX. BNP Paribas upgraded Barrick Gold to a “strong-buy” rating in a research note on Friday, December 5th. Cormark raised their price objective on shares of Barrick Gold from C$66.00 to C$78.00 in a research report on Tuesday, November 25th. Citigroup upgraded shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 24th. Canaccord Genuity Group raised their price target on shares of Barrick Gold from C$68.00 to C$70.00 in a report on Monday, December 1st. Finally, National Bankshares upped their price objective on Barrick Gold from C$65.00 to C$77.50 and gave the stock an “outperform” rating in a report on Tuesday, December 9th.

Barrick Gold Stock Performance

TSE:ABX opened at C$67.79 on Friday. The stock has a market capitalization of C$115.65 billion, a P/E ratio of 32.59, a price-to-earnings-growth ratio of 2.34 and a beta of 1.50. The company has a current ratio of 2.65, a quick ratio of 2.62 and a debt-to-equity ratio of 19.83. Barrick Gold has a 1 year low of C$22.25 and a 1 year high of C$70.08. The firm has a 50 day moving average of C$59.16 and a 200-day moving average of C$45.53.

Barrick Gold (TSE:ABX) (NYSE:ABX) last released its quarterly earnings results on Monday, November 10th. The basic materials company reported C$0.58 earnings per share for the quarter. Barrick Gold had a return on equity of 6.90% and a net margin of 13.19%.The firm had revenue of C$3.41 billion during the quarter. As a group, sell-side analysts anticipate that Barrick Gold will post 2.2422764 EPS for the current fiscal year.

Barrick Gold Company Profile

Barrick is a leading global mining, exploration and development company. With one of the largest portfolios of world-class and long-life gold and copper assets in the industry – including six of the world’s Tier One gold mines -Barrick’s operations and projects span 18 countries and five continents. Barrick is also the largest gold producer in the United States. We create real, long-term value for all stakeholders through responsible mining, strong partnerships and a disciplined approach to growth.