Barrick Gold Co. (TSE:ABX) Given Average Rating of “Moderate Buy” by Analysts

Shares of Barrick Gold Co. (TSE:ABX) (NYSE:ABX) have received an average rating of “Moderate Buy” from the eleven analysts that are currently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$30.73.

Several research analysts have recently weighed in on the company. Canaccord Genuity Group cut their price target on Barrick Gold from C$33.50 to C$30.00 in a research note on Wednesday, January 15th. Scotiabank downgraded Barrick Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 21st. Sanford C. Bernstein dropped their price objective on Barrick Gold from C$37.00 to C$36.00 in a report on Tuesday, November 5th. Stifel Nicolaus dropped their price objective on Barrick Gold from C$33.50 to C$32.00 in a report on Monday, December 2nd. Finally, Royal Bank of Canada increased their price objective on Barrick Gold to C$19.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th.

Insider Buying and Selling at Barrick Gold

In other Barrick Gold news, Senior Officer Poupak Bahamin sold 2,500 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of C$24.49, for a total value of C$61,215.00. Insiders own 0.60% of the company’s stock.

Barrick Gold Stock Down 2.3 %

ABX stock opened at C$26.05 on Friday. The company has a debt-to-equity ratio of 19.83, a quick ratio of 2.62 and a current ratio of 2.65. The company has a market capitalization of C$31.66 billion, a price-to-earnings ratio of 19.61, a PEG ratio of 2.34 and a beta of 0.48. Barrick Gold has a fifty-two week low of C$19.37 and a fifty-two week high of C$29.50. The stock has a fifty day moving average of C$23.51 and a 200-day moving average of C$25.25.

About Barrick Gold

Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties in Canada and internationally. The company also explores and sells silver and energy materials. It has ownership interests in producing gold mines located in Argentina, Canada, Côte d’Ivoire, the Democratic Republic of Congo, the Dominican Republic, Mali, Tanzania, and the United States.