Barrick Gold (TSE:ABX) Hits New 52-Week High – Here’s What Happened

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$72.93 and last traded at C$72.41, with a volume of 1043008 shares traded. The stock had previously closed at C$69.96.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Citigroup upgraded shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 24th. Cormark increased their price target on shares of Barrick Gold from C$66.00 to C$78.00 in a research note on Tuesday, November 25th. Stifel Nicolaus raised their price target on shares of Barrick Gold from C$46.00 to C$65.00 in a report on Monday, October 20th. Scotiabank raised Barrick Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 23rd. Finally, BNP Paribas Exane raised Barrick Gold to a “strong-buy” rating in a research note on Friday, December 5th. Seven analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$56.21.

Barrick Gold Trading Up 0.5%

The company has a market capitalization of C$120.00 billion, a P/E ratio of 33.82, a PEG ratio of 2.34 and a beta of 1.50. The business has a 50 day moving average price of C$60.95 and a 200 day moving average price of C$47.17. 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 (TSE:ABX) (NYSE:ABX) last released its quarterly earnings data on Monday, November 10th. The basic materials company reported C$0.58 earnings per share for the quarter. Barrick Gold had a net margin of 13.19% and a return on equity of 6.90%. The business had revenue of C$3.41 billion for the quarter. Analysts anticipate that Barrick Gold Co. will post 2.2422764 EPS for the current 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.