Barrick Gold (TSE:ABX) Given New C$72.50 Price Target at National Bank Financial

Barrick Gold (TSE:ABX) (NYSE:ABX) had its price objective dropped by analysts at National Bank Financial from C$75.00 to C$72.50 in a note issued to investors on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the basic materials company’s stock. National Bank Financial’s price target would indicate a potential upside of 21.99% from the company’s current price.

Several other research analysts have also weighed in on ABX. ATB Cormark Capital Markets lowered shares of Barrick Gold from a “moderate buy” rating to a “hold” rating and raised their price objective for the stock from C$70.00 to C$75.00 in a report on Tuesday, April 7th. Stifel Nicolaus lifted their price target on shares of Barrick Gold from C$65.00 to C$95.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. Canaccord Genuity Group decreased their price target on shares of Barrick Gold from C$80.00 to C$77.00 in a report on Wednesday, February 18th. Sanford C. Bernstein lifted their price target on shares of Barrick Gold from C$84.00 to C$86.00 in a report on Friday, February 27th. Finally, DZ Bank raised shares of Barrick Gold to a “strong-buy” rating in a report on Monday, January 19th. Five investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$76.94.

Barrick Gold Stock Up 2.2%

Barrick Gold stock traded up C$1.27 during midday trading on Friday, hitting C$59.43. 1,197,789 shares of the stock were exchanged, compared to its average volume of 6,518,475. Barrick Gold has a 1 year low of C$24.29 and a 1 year high of C$74.00. The firm has a market cap of C$99.58 billion, a P/E ratio of 20.28, a P/E/G ratio of 2.34 and a beta of 1.61. The company has a debt-to-equity ratio of 17.89, a current ratio of 2.92 and a quick ratio of 2.62. The company has a 50 day moving average price of C$60.60 and a two-hundred day moving average price of C$57.78.

Barrick Gold (TSE:ABX) (NYSE:ABX) last released its quarterly earnings results on Thursday, February 5th. The basic materials company reported C$1.43 earnings per share (EPS) for the quarter. The firm had revenue of C$8.01 billion for the quarter. Barrick Gold had a net margin of 29.39% and a return on equity of 19.79%. On average, sell-side analysts predict that Barrick Gold will post 2.2422764 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Pekka Juhani Vauramo purchased 12,400 shares of Barrick Gold stock in a transaction dated Thursday, February 12th. The stock was bought at an average cost of C$65.41 per share, with a total value of C$811,084.00. Following the purchase, the director owned 12,400 shares in the company, valued at approximately C$811,084. The trade was a ? increase in their position. Also, insider Graham Patrick Shuttleworth sold 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of C$64.72, for a total transaction of C$6,472,000.00. Following the completion of the sale, the insider owned 487,252 shares in the company, valued at C$31,534,949.44. The trade was a 17.03% decrease in their ownership of the stock. Corporate insiders own 0.60% of the company’s stock.

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.