Barrick Gold (TSE:ABX) Price Target Raised to C$75.00 at National Bank Financial

Barrick Gold (TSE:ABX) (NYSE:ABX) had its price objective boosted by stock analysts at National Bank Financial from C$72.50 to C$75.00 in a research report issued on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the basic materials company’s stock. National Bank Financial’s price target indicates a potential upside of 20.23% from the stock’s previous close.

A number of other analysts have also commented on the company. JPMorgan Chase & Co. decreased their target price on Barrick Gold from C$91.00 to C$79.00 in a research report on Thursday, April 23rd. Stifel Nicolaus boosted their target price on Barrick Gold from C$65.00 to C$95.00 and gave the company a “buy” rating in a research report on Tuesday, February 10th. Canaccord Genuity Group decreased their target price on Barrick Gold from C$80.00 to C$77.00 in a research report on Wednesday, February 18th. ATB Cormark Capital Markets downgraded Barrick Gold from a “moderate buy” rating to a “hold” rating and lifted their price target for the company from C$70.00 to C$75.00 in a research note on Tuesday, April 7th. Finally, Sanford C. Bernstein lifted their price target on Barrick Gold from C$86.00 to C$91.00 in a research note on Monday, April 20th. Five analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$79.38.

Barrick Gold Stock Down 3.1%

Barrick Gold stock traded down C$2.02 during midday trading on Tuesday, reaching C$62.38. The stock had a trading volume of 1,941,340 shares, compared to its average volume of 6,070,976. 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$104.52 billion, a P/E ratio of 21.29, a PEG ratio of 2.34 and a beta of 1.62. The company has a fifty day moving average price of C$57.90 and a two-hundred day moving average price of C$58.92. The company has a current ratio of 2.92, a quick ratio of 2.62 and a debt-to-equity ratio of 17.89.

Barrick Gold (TSE:ABX) (NYSE:ABX) last issued its earnings results on Monday, May 11th. The basic materials company reported C$1.36 EPS for the quarter. Barrick Gold had a return on equity of 19.79% and a net margin of 29.39%.The business had revenue of C$5.81 billion during the quarter. As a group, equities analysts expect that Barrick Gold will post 2.2422764 EPS for the current fiscal year.

Insider Transactions at Barrick Gold

In related news, Director Pekka Juhani Vauramo purchased 12,400 shares of the business’s stock in a transaction on Thursday, February 12th. The stock was acquired at an average price of C$65.41 per share, for a total transaction of C$811,084.00. Following the purchase, the director owned 12,400 shares of the company’s stock, valued at approximately C$811,084. This trade represents a ? increase in their ownership of the stock. Company insiders own 0.60% of the company’s stock.

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.