Barrick Gold Co. (TSE:ABX) Receives Average Rating of “Buy” from Brokerages

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) has received an average rating of “Buy” from the thirteen research firms that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and three 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$67.67.

A number of research firms have weighed in on ABX. National Bank Financial upped their price target on Barrick Gold from C$67.50 to C$70.00 and gave the stock an “outperform” rating in a report on Tuesday, August 11th. Canaccord Genuity Group boosted their target price on shares of Barrick Gold from C$68.00 to C$73.00 and gave the stock a “buy” rating in a research report on Tuesday, August 25th. Raymond James Financial decreased their target price on shares of Barrick Gold from C$58.00 to C$56.00 and set an “outperform” rating for the company in a research note on Tuesday, August 11th. Citigroup raised shares of Barrick Gold to a “hold” rating in a report on Thursday, September 3rd. Finally, Royal Bank Of Canada dropped their price target on shares of Barrick Gold from C$51.00 to C$49.00 and set an “outperform” rating on the stock in a research note on Thursday, July 9th.

Insider Transactions at Barrick Gold

In other Barrick Gold news, insider Sarah Anna Ball Teslik bought 12,613 shares of the stock in a transaction dated Friday, August 21st. The stock was bought at an average cost of C$67.27 per share, for a total transaction of C$848,476.51. Following the completion of the purchase, the insider directly owned 12,613 shares of the company’s stock, valued at approximately C$848,476.51. The trade was a ? increase in their ownership of the stock. Also, insider Darian Kevin Rich sold 75,452 shares of Barrick Gold stock in a transaction dated Monday, August 24th. The stock was sold at an average price of C$67.99, for a total value of C$5,129,981.48. Following the sale, the insider directly owned 235,252 shares in the company, valued at approximately C$15,994,783.48. The trade was a 24.28% decrease in their ownership of the stock. Corporate insiders own 0.60% of the company’s stock.

Barrick Gold Stock Down 3.2%

Shares of TSE ABX opened at C$59.85 on Thursday. Barrick Gold has a 12-month low of C$42.62 and a 12-month high of C$74.00. The company has a market cap of C$100.28 billion, a P/E ratio of 15.47, a P/E/G ratio of 2.34 and a beta of 1.68. The company has a current ratio of 3.01, a quick ratio of 2.62 and a debt-to-equity ratio of 17.15. The stock has a fifty day moving average price of C$58.28 and a 200 day moving average price of C$56.99.

Barrick Gold (TSE:ABX) (NYSE:ABX) last issued its quarterly earnings data on Monday, August 10th. The basic materials company reported C$1.17 EPS for the quarter. The company had revenue of C$6.06 billion for the quarter. Barrick Gold had a return on equity of 24.57% and a net margin of 31.60%. Research analysts anticipate that Barrick Gold will post 2.2422764 EPS for the current fiscal year.

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.