Barrick Gold (TSE:ABX) Rating Reiterated by TD Securities

Barrick Gold (TSE:ABX) (NYSE:ABX)‘s stock had its “buy” rating reaffirmed by stock analysts at TD Securities in a report issued on Tuesday, Stock Target Advisor reports. They currently have a C$29.00 target price on the basic materials company’s stock. TD Securities’ price target would suggest a potential upside of 25.98% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. Berenberg Bank lifted their target price on shares of Barrick Gold from C$29.00 to C$31.00 in a research note on Monday, April 8th. Veritas Investment Research lifted their target price on shares of Barrick Gold from C$20.70 to C$25.00 in a research note on Friday, April 12th. CIBC reaffirmed an “outperform” rating and set a C$31.00 target price on shares of Barrick Gold in a research note on Thursday, February 15th. National Bank Financial reissued a “sector perform overweight” rating on shares of Barrick Gold in a research note on Monday, April 8th. Finally, Stifel Nicolaus dropped their price objective on shares of Barrick Gold from C$30.00 to C$25.00 and set a “buy” rating on the stock in a research note on Friday, January 26th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$28.10.

Barrick Gold Trading Up 1.1 %

Shares of ABX opened at C$23.02 on Tuesday. The firm’s 50-day moving average price is C$21.44 and its 200-day moving average price is C$21.95. The firm has a market capitalization of C$40.52 billion, a price-to-earnings ratio of 23.25, a PEG ratio of 1.94 and a beta of 0.46. The company has a current ratio of 3.16, a quick ratio of 2.62 and a debt-to-equity ratio of 16.32. Barrick Gold has a 1-year low of C$18.65 and a 1-year high of C$28.19.

Barrick Gold (TSE:ABX) (NYSE:ABX) last announced its earnings results on Wednesday, February 14th. The basic materials company reported C$0.37 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.28 by C$0.09. The firm had revenue of C$4.16 billion for the quarter, compared to analyst estimates of C$4.28 billion. Barrick Gold had a net margin of 11.16% and a return on equity of 6.17%. Sell-side analysts anticipate that Barrick Gold will post 1.196793 EPS for the current year.

Barrick Gold Company Profile

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.