National Bankshares Cuts Barrick Gold (TSE:ABX) Price Target to C$75.00

Barrick Gold (TSE:ABX) (NYSE:ABX) had its target price decreased by research analysts at National Bankshares from C$82.50 to C$75.00 in a report released on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the basic materials company’s stock. National Bankshares’ price objective would suggest a potential upside of 17.87% from the company’s current price.

ABX has been the subject of a number of other reports. Stifel Nicolaus lifted their price target on shares of Barrick Gold from C$46.00 to C$65.00 in a research report on Monday, October 20th. DZ Bank raised Barrick Gold to a “strong-buy” rating in a research report on Monday, January 19th. Canaccord Genuity Group upped their price target on Barrick Gold from C$68.00 to C$70.00 in a research note on Monday, December 1st. Cormark lifted their price objective on Barrick Gold from C$66.00 to C$78.00 in a research note on Tuesday, November 25th. Finally, BNP Paribas Exane raised Barrick Gold to a “strong-buy” rating in a research note on Friday, December 5th. Seven equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average price target of C$67.44.

Barrick Gold Stock Up 0.6%

Shares of ABX traded up C$0.36 on Tuesday, reaching C$63.63. The stock had a trading volume of 1,354,093 shares, compared to its average volume of 5,427,856. The company has a debt-to-equity ratio of 19.83, a quick ratio of 2.62 and a current ratio of 2.65. Barrick Gold has a 12-month low of C$24.28 and a 12-month high of C$74.00. The firm has a market capitalization of C$106.60 billion, a price-to-earnings ratio of 21.72, a price-to-earnings-growth ratio of 2.34 and a beta of 1.47. The company has a 50-day simple moving average of C$63.36 and a 200-day simple moving average of C$50.02.

Barrick Gold (TSE:ABX) (NYSE:ABX) last issued its quarterly earnings results on Monday, November 10th. The basic materials company reported C$0.58 earnings per share for the quarter. The company had revenue of C$3.41 billion for the quarter. Barrick Gold had a return on equity of 6.90% and a net margin of 13.19%. Sell-side analysts predict that Barrick Gold 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.