Barrick Gold Co. (TSE:ABX) Receives C$76.78 Consensus Target Price from Brokerages

Shares of Barrick Gold Co. (TSE:ABX) (NYSE:ABX) have been given an average rating of “Buy” by the twelve ratings firms that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and five have issued a strong buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$76.78.

A number of analysts recently commented on the company. ATB Cormark Capital Markets downgraded Barrick Gold from a “moderate buy” rating to a “hold” rating and increased their price target for the company from C$70.00 to C$75.00 in a research report on Tuesday, April 7th. National Bank Financial increased their price target on Barrick Gold from C$72.50 to C$75.00 and gave the company an “outperform” rating in a research report on Tuesday, May 12th. Canaccord Genuity Group decreased their price target on Barrick Gold from C$80.00 to C$77.00 in a research report on Wednesday, February 18th. Sanford C. Bernstein increased their price target on Barrick Gold from C$86.00 to C$91.00 in a research report on Monday, April 20th. Finally, JPMorgan Chase & Co. decreased their price target on Barrick Gold from C$91.00 to C$79.00 in a research report on Thursday, April 23rd.

Insider Buying and Selling

In other Barrick Gold news, Director Robert Ananda Paul Samek purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was bought at an average cost of C$55.06 per share, with a total value of C$550,600.00. Following the completion of the transaction, the director owned 18,900 shares of the company’s stock, valued at C$1,040,634. The trade was a 112.36% increase in their position. Also, Director Mark Francis Hill sold 88,000 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of C$57.85, for a total value of C$5,090,800.00. Following the sale, the director directly owned 380,598 shares of the company’s stock, valued at C$22,017,594.30. The trade was a 18.78% decrease in their ownership of the stock. Company insiders own 0.60% of the company’s stock.

Barrick Gold Stock Performance

Shares of Barrick Gold stock opened at C$58.62 on Tuesday. The company has a market cap of C$98.22 billion, a PE ratio of 16.19, a price-to-earnings-growth ratio of 2.34 and a beta of 1.50. Barrick Gold has a 52 week low of C$27.89 and a 52 week high of C$74.00. The business has a 50 day moving average price of C$57.28 and a 200-day moving average price of C$60.44. The company has a quick ratio of 2.62, a current ratio of 3.06 and a debt-to-equity ratio of 17.29.

Barrick Gold (TSE:ABX) (NYSE:ABX) last issued its quarterly earnings data on Monday, May 11th. The basic materials company reported C$1.36 EPS for the quarter. The firm had revenue of C$5.81 billion during the quarter. Barrick Gold had a return on equity of 23.48% and a net margin of 32.04%. Equities analysts anticipate that Barrick Gold will post 2.2422764 earnings per share for the current fiscal year.

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.