Barrick Gold (TSE:ABX) Rating Increased to Strong-Buy at Stifel Canada

Barrick Gold (TSE:ABX) (NYSE:ABX) was upgraded by research analysts at Stifel Canada to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports. Stifel Canada also issued estimates for Barrick Gold’s FY2028 earnings at $2.06 EPS.

ABX has been the subject of several other research reports. Cibc World Mkts downgraded shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. Canaccord Genuity Group reduced their price target on shares of Barrick Gold from C$33.50 to C$30.00 in a report on Wednesday, January 15th. Royal Bank of Canada boosted their price target on shares of Barrick Gold to C$19.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Scotiabank downgraded shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st. Finally, National Bankshares boosted their price target on shares of Barrick Gold from C$27.00 to C$33.00 and gave the company a “sector perform” rating in a report on Wednesday. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$31.55.

Barrick Gold Stock Performance

Barrick Gold stock opened at C$27.59 on Wednesday. The company has a market cap of C$33.53 billion, a PE ratio of 20.77, a P/E/G ratio of 2.34 and a beta of 0.48. The company has a fifty day moving average price of C$25.02 and a two-hundred day moving average price of C$25.40. The company has a debt-to-equity ratio of 19.83, a current ratio of 2.65 and a quick ratio of 2.62. Barrick Gold has a 12 month low of C$21.08 and a 12 month high of C$29.50.

Insiders Place Their Bets

In other Barrick Gold news, Senior Officer Poupak Bahamin sold 17,633 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of C$25.96, for a total value of C$457,781.77. Also, Director Dennis Mark Bristow purchased 230,872 shares of the company’s stock in a transaction on Tuesday, February 25th. The stock was acquired at an average price of C$25.71 per share, for a total transaction of C$5,936,042.34. 0.60% of the stock is owned by company insiders.

Barrick Gold Company Profile

Barrick Gold Corp is one of the world’s largest gold producers, operating mines in North America, South America, Australia, and Africa. The company segments consist of nine gold mines namely Carlin, Cortez, Turquoise Ridge, Pueblo Viejo, Loulo-Gounkoto, Kibali, Veladero, North Mara, and Bulyanhulu. It generates maximum revenue from the Carlin mine segment.