Barrick Gold (TSE:ABX) Rating Increased to Hold at Barclays

Barrick Gold (TSE:ABX) (NYSE:ABX) was upgraded by stock analysts at Barclays to a “hold” rating in a note issued to investors on Thursday,Zacks.com reports.

Other equities analysts have also issued research reports about the company. National Bank Financial upped their price target on Barrick Gold from C$72.50 to C$75.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. Stifel Nicolaus upped their price target on Barrick Gold from C$65.00 to C$95.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. ATB Cormark Capital Markets lowered Barrick Gold from a “moderate buy” rating to a “hold” rating and upped their price target for the company from C$70.00 to C$75.00 in a research note on Tuesday, April 7th. Sanford C. Bernstein increased their target price on Barrick Gold from C$86.00 to C$91.00 in a research note on Monday, April 20th. Finally, BMO Capital Markets increased their target price on Barrick Gold from C$55.00 to C$65.00 in a research note on Wednesday, April 22nd. Five equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$76.78.

Barrick Gold Stock Performance

Shares of Barrick Gold stock opened at C$56.21 on Thursday. Barrick Gold has a 52 week low of C$25.56 and a 52 week high of C$74.00. The business’s fifty day simple moving average is C$56.75 and its 200-day simple moving average is C$59.62. The firm has a market cap of C$94.18 billion, a PE ratio of 15.53, a price-to-earnings-growth ratio of 2.34 and a beta of 1.62. The company has a quick ratio of 2.62, a current ratio of 3.06 and a debt-to-equity ratio of 17.29.

Barrick Gold (TSE:ABX) (NYSE:ABX) last announced its quarterly 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 23.48% and a net margin of 32.04%.The business had revenue of C$5.81 billion for the quarter. Equities analysts forecast that Barrick Gold will post 2.2422764 earnings per share for the current year.

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.