Barrick Gold (TSE:ABX) Price Target Raised to C$75.00 at National Bank Financial

Barrick Gold (TSE:ABX) (NYSE:ABX) had its price target increased by National Bank Financial from C$72.50 to C$75.00 in a research note issued on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the basic materials company’s stock. National Bank Financial’s target price would suggest a potential upside of 20.23% from the company’s current price.

Several other equities analysts also recently commented on the company. JPMorgan Chase & Co. dropped their price objective on Barrick Gold from C$91.00 to C$79.00 in a research note on Thursday, April 23rd. BMO Capital Markets upped their price objective on Barrick Gold from C$55.00 to C$65.00 in a research note on Wednesday, April 22nd. Sanford C. Bernstein upped their price objective on Barrick Gold from C$86.00 to C$91.00 in a research note on Monday, April 20th. Canaccord Genuity Group dropped their price objective on Barrick Gold from C$80.00 to C$77.00 in a research note on Wednesday, February 18th. Finally, DZ Bank upgraded Barrick Gold to a “strong-buy” rating in a research note on Monday, January 19th. Five investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$79.38.

Barrick Gold Stock Performance

Shares of TSE ABX traded down C$2.02 during midday trading on Tuesday, reaching C$62.38. The company’s stock had a trading volume of 1,941,340 shares, compared to its average volume of 6,070,976. Barrick Gold has a 12-month low of C$24.29 and a 12-month high of C$74.00. The firm has a 50 day moving average price of C$57.90 and a 200-day moving average price of C$58.92. The stock has a market capitalization of C$104.52 billion, a P/E ratio of 21.29, a PEG ratio of 2.34 and a beta of 1.62. The company has a debt-to-equity ratio of 17.89, a current ratio of 2.92 and a quick ratio of 2.62.

Barrick Gold (TSE:ABX) (NYSE:ABX) last announced its earnings results on Monday, May 11th. The basic materials company reported C$1.36 earnings per share for the quarter. Barrick Gold had a return on equity of 19.79% and a net margin of 29.39%.The firm had revenue of C$5.81 billion for the quarter. As a group, equities analysts predict that Barrick Gold will post 2.2422764 earnings per share for the current year.

Insider Transactions at Barrick Gold

In other Barrick Gold news, Director Pekka Juhani Vauramo bought 12,400 shares of the stock in a transaction on Thursday, February 12th. The shares were acquired at an average price of C$65.41 per share, with a total value of C$811,084.00. Following the acquisition, the director directly owned 12,400 shares of the company’s stock, valued at C$811,084. The trade was a ∞ increase in their position. 0.60% of the stock is owned by insiders.

About Barrick Gold

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.