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

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) has earned a consensus rating of “Moderate Buy” from the thirteen brokerages that are covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and three have given a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$33.13.

Several research firms recently issued reports on ABX. BMO Capital Markets raised shares of Barrick Gold to a “hold” rating in a research note on Tuesday, April 15th. Sanford C. Bernstein dropped their target price on shares of Barrick Gold from C$45.00 to C$43.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. National Bank Financial raised shares of Barrick Gold to a “hold” rating in a research report on Friday, March 21st. Stifel Nicolaus boosted their target price on shares of Barrick Gold from C$34.00 to C$37.00 and gave the stock a “buy” rating in a research report on Monday, April 21st. Finally, National Bankshares boosted their target price on shares of Barrick Gold from C$27.00 to C$33.00 and gave the stock a “sector perform” rating in a research report on Wednesday, March 19th.

Barrick Gold Stock Performance

Barrick Gold stock opened at C$28.83 on Wednesday. Barrick Gold has a 12-month low of C$21.73 and a 12-month high of C$29.60. The company has a market capitalization of C$35.04 billion, a price-to-earnings ratio of 21.71, a price-to-earnings-growth ratio of 2.34 and a beta of 0.48. The company has a debt-to-equity ratio of 19.83, a current ratio of 2.65 and a quick ratio of 2.62. The firm’s fifty day moving average price is C$27.55 and its 200 day moving average price is C$26.22.

About Barrick Gold

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.