Barrick Gold (TSE:ABX) Price Target Raised to C$65.00

Barrick Gold (TSE:ABX) (NYSE:ABX) had its price target increased by BMO Capital Markets from C$55.00 to C$65.00 in a report published on Wednesday,BayStreet.CA reports.

Several other brokerages have also commented on ABX. Canaccord Genuity Group dropped their price target on shares of Barrick Gold from C$80.00 to C$77.00 in a research note on Wednesday, February 18th. ATB Cormark Capital Markets lowered shares of Barrick Gold from a “moderate buy” rating to a “hold” rating and raised their price target for the company from C$70.00 to C$75.00 in a research note on Tuesday, April 7th. DZ Bank upgraded shares of Barrick Gold to a “strong-buy” rating in a research note on Monday, January 19th. Stifel Nicolaus raised their price target on shares of Barrick Gold from C$65.00 to C$95.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Finally, Sanford C. Bernstein raised their price target on shares of Barrick Gold from C$86.00 to C$91.00 in a research note on Monday, April 20th. Five analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$79.06.

Barrick Gold Price Performance

Shares of TSE:ABX opened at C$56.14 on Wednesday. The firm’s 50 day moving average is C$59.79 and its two-hundred day moving average is C$58.19. Barrick Gold has a 52 week low of C$24.29 and a 52 week high of C$74.00. The firm has a market capitalization of C$94.06 billion, a P/E ratio of 19.16, a PEG ratio of 2.34 and a beta of 1.61. The company has a current ratio of 2.92, a quick ratio of 2.62 and a debt-to-equity ratio of 17.89.

Barrick Gold (TSE:ABX) (NYSE:ABX) last announced its quarterly earnings results on Thursday, February 5th. The basic materials company reported C$1.43 EPS for the quarter. Barrick Gold had a net margin of 29.39% and a return on equity of 19.79%. The company had revenue of C$8.01 billion for the quarter. Analysts anticipate that Barrick Gold will post 2.2422764 earnings per share for the current year.

Insider Activity at Barrick Gold

In other news, insider Graham Patrick Shuttleworth sold 100,000 shares of the stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of C$64.72, for a total value of C$6,472,000.00. Following the completion of the transaction, the insider directly owned 487,252 shares in the company, valued at C$31,534,949.44. This trade represents a 17.03% decrease in their ownership of the stock. Also, Director Pekka Juhani Vauramo acquired 12,400 shares of the firm’s stock in a transaction dated Thursday, February 12th. The stock was bought at an average price of C$65.41 per share, with a total value of C$811,084.00. Following the completion of the acquisition, the director directly owned 12,400 shares of the company’s stock, valued at approximately C$811,084. This represents a ∞ increase in their ownership of the stock. Company insiders own 0.60% of the company’s stock.

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.