Barrick Gold (TSE:ABX) Given New C$33.00 Price Target at National Bankshares

Barrick Gold (TSE:ABX) (NYSE:ABX) had its price objective boosted by equities research analysts at National Bankshares from C$27.00 to C$33.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the basic materials company’s stock. National Bankshares’ price target points to a potential upside of 19.26% from the stock’s current price.

Several other brokerages have also issued reports on ABX. Cibc World Mkts lowered Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. UBS Group upgraded Barrick Gold from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Royal Bank of Canada increased their price target on Barrick Gold to C$19.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Stifel Nicolaus decreased their price objective on shares of Barrick Gold from C$33.50 to C$32.00 in a research report on Monday, December 2nd. Finally, TD Cowen reaffirmed a “buy” rating and set a C$36.00 price target on shares of Barrick Gold in a research report on Tuesday, January 14th. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Barrick Gold has an average rating of “Moderate Buy” and a consensus price target of C$31.55.

Barrick Gold Stock Up 0.1 %

Shares of TSE ABX traded up C$0.02 during mid-day trading on Wednesday, hitting C$27.67. The company had a trading volume of 1,041,486 shares, compared to its average volume of 3,328,766. The company has a market capitalization of C$33.63 billion, a PE ratio of 20.83, a price-to-earnings-growth ratio of 2.34 and a beta of 0.48. The company has a debt-to-equity ratio of 19.83, a current ratio of 2.65 and a quick ratio of 2.62. Barrick Gold has a 1-year low of C$20.65 and a 1-year high of C$29.50. The business’s 50-day simple moving average is C$24.83 and its 200 day simple moving average is C$25.40.

Insider Buying and Selling

In other Barrick Gold news, Senior Officer Poupak Bahamin sold 17,633 shares of Barrick Gold stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of C$25.96, for a total transaction of C$457,781.77. Also, Director Dennis Mark Bristow bought 230,872 shares of the firm’s stock in a transaction on Tuesday, February 25th. The shares were bought at an average cost of C$25.71 per share, with a total value of C$5,936,042.34. Company insiders own 0.60% of the company’s stock.

About Barrick Gold

Barrick Gold Corp is one of the world’s largest gold producers, operating mines in North America, South America, Australia, and Africa. The company segments consist of nine gold mines namely Carlin, Cortez, Turquoise Ridge, Pueblo Viejo, Loulo-Gounkoto, Kibali, Veladero, North Mara, and Bulyanhulu. It generates maximum revenue from the Carlin mine segment.