Barrick Gold (TSE:ABX) Price Target Lowered to C$79.00 at JPMorgan Chase & Co.

Barrick Gold (TSE:ABX) (NYSE:ABX) had its price target lowered by JPMorgan Chase & Co. from C$91.00 to C$79.00 in a research report released on Thursday,BayStreet.CA reports.

Several other brokerages also recently issued reports on ABX. Canaccord Genuity Group lowered their price objective on shares of Barrick Gold from C$80.00 to C$77.00 in a research report on Wednesday, February 18th. ATB Cormark Capital Markets downgraded shares of Barrick Gold from a “moderate buy” rating to a “hold” rating and increased their price objective for the stock from C$70.00 to C$75.00 in a research report on Tuesday, April 7th. Stifel Nicolaus increased their price objective on shares of Barrick Gold from C$65.00 to C$95.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. DZ Bank raised shares of Barrick Gold to a “strong-buy” rating in a research report on Monday, January 19th. Finally, National Bank Financial decreased their target price on shares of Barrick Gold from C$75.00 to C$72.50 and set an “outperform” rating for the company in a research report on Friday, April 17th. Five research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$79.06.

Barrick Gold Stock Down 1.1%

Shares of ABX stock opened at C$55.06 on Thursday. The firm has a fifty day moving average of C$59.98 and a 200-day moving average of C$58.13. The company has a quick ratio of 2.62, a current ratio of 2.92 and a debt-to-equity ratio of 17.89. Barrick Gold has a 12-month low of C$24.29 and a 12-month high of C$74.00. The company has a market capitalization of C$92.25 billion, a price-to-earnings ratio of 18.79, a P/E/G ratio of 2.34 and a beta of 1.61.

Barrick Gold (TSE:ABX) (NYSE:ABX) last issued its quarterly earnings data on Thursday, February 5th. The basic materials company reported C$1.43 earnings per share (EPS) for the quarter. Barrick Gold had a net margin of 29.39% and a return on equity of 19.79%. The company had revenue of C$8.01 billion during the quarter. As a group, equities research analysts predict that Barrick Gold will post 2.2422764 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Barrick Gold Company Profile

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.