Barrick Gold Co. (TSE:ABX) Receives C$33.14 Consensus Target Price from Analysts

Shares of Barrick Gold Co. (TSE:ABX) (NYSE:ABX) have been given a consensus recommendation of “Buy” by the thirteen analysts that are covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and four have issued a strong buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$33.14.

A number of equities research analysts have recently commented on ABX shares. Sanford C. Bernstein cut their target price on Barrick Gold from C$45.00 to C$43.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. Stifel Nicolaus increased their target price on Barrick Gold from C$34.00 to C$37.00 and gave the stock a “buy” rating in a research note on Monday, April 21st. Finally, Cibc World Mkts raised Barrick Gold from a “hold” rating to a “strong-buy” rating in a research note on Tuesday.

Barrick Gold Trading Up 2.0%

TSE ABX opened at C$33.31 on Wednesday. Barrick Gold has a 12 month low of C$21.73 and a 12 month high of C$33.33. The stock has a market cap of C$40.49 billion, a P/E ratio of 25.08, a P/E/G ratio of 2.34 and a beta of 0.48. The stock’s fifty day moving average price is C$29.46 and its 200-day moving average price is C$27.41. The company has a current ratio of 2.65, a quick ratio of 2.62 and a debt-to-equity ratio of 19.83.

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.