Barrick Gold Co. (TSE:ABX) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Barrick Gold Co. (TSE:ABX) (NYSE:ABX) have earned an average rating of “Moderate Buy” from the eleven research firms that are covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$30.73.

A number of equities research analysts have weighed in on the company. Sanford C. Bernstein lowered their price objective on Barrick Gold from C$37.00 to C$36.00 in a report on Tuesday, November 5th. TD Cowen restated a “buy” rating and issued a C$36.00 price target on shares of Barrick Gold in a research note on Tuesday, January 14th. Royal Bank of Canada upped their price objective on Barrick Gold to C$19.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Cibc World Mkts downgraded Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. Finally, Scotiabank cut shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 21st.

Barrick Gold Stock Down 0.2 %

ABX stock opened at C$26.67 on Friday. Barrick Gold has a one year low of C$19.37 and a one year high of C$29.50. The company has a debt-to-equity ratio of 19.83, a quick ratio of 2.62 and a current ratio of 2.65. The company has a fifty day moving average of C$23.47 and a 200-day moving average of C$25.24. The stock has a market capitalization of C$32.42 billion, a PE ratio of 20.08, a price-to-earnings-growth ratio of 2.34 and a beta of 0.48.

Insider Buying and Selling

In related news, Senior Officer Poupak Bahamin sold 2,500 shares of Barrick Gold stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of C$24.49, for a total transaction of C$61,215.00. Insiders own 0.60% of the company’s stock.

About Barrick Gold

Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties in Canada and internationally. The company also explores and sells silver and energy materials. It has ownership interests in producing gold mines located in Argentina, Canada, Côte d’Ivoire, the Democratic Republic of Congo, the Dominican Republic, Mali, Tanzania, and the United States.