Citigroup Inc. reissued their buy rating on shares of Barrick Gold Corp. (NYSE:ABX) in a report published on Monday morning.

Several other equities analysts also recently weighed in on the company. Vetr raised Barrick Gold Corp. from a buy rating to a strong-buy rating and set a $24.15 target price for the company in a research report on Monday, August 22nd. Deutsche Bank AG raised Barrick Gold Corp. from a hold rating to a buy rating and set a $22.00 target price for the company in a research report on Monday, October 3rd. Berenberg Bank initiated coverage on Barrick Gold Corp. in a research report on Wednesday, September 7th. They issued a sell rating and a $15.20 target price for the company. TD Securities reaffirmed a buy rating and issued a $26.00 target price on shares of Barrick Gold Corp. in a research report on Monday, July 25th. Finally, Credit Suisse Group AG reaffirmed a buy rating and issued a $17.00 target price on shares of Barrick Gold Corp. in a research report on Wednesday, June 29th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $21.19.

Analyst Recommendations for Barrick Gold Corp. (NYSE:ABX)

Barrick Gold Corp. (NYSE:ABX) traded up 2.26% during mid-day trading on Monday, hitting $16.26. 3,844,333 shares of the company’s stock traded hands. The stock’s market cap is $18.95 billion. Barrick Gold Corp. has a one year low of $6.90 and a one year high of $23.47. The firm’s 50-day moving average price is $17.24 and its 200-day moving average price is $18.64.

Barrick Gold Corp. (NYSE:ABX) last released its earnings results on Wednesday, July 27th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.15 by $0.01. The firm earned $2.01 billion during the quarter, compared to analyst estimates of $2.02 billion. Barrick Gold Corp. had a negative net margin of 33.33% and a positive return on equity of 4.95%. The business’s revenue was down 9.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.01) earnings per share. On average, analysts forecast that Barrick Gold Corp. will post $0.69 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of ABX. Ngam Advisors L.P. bought a new stake in Barrick Gold Corp. during the first quarter worth about $481,000. TIAA CREF Investment Management LLC bought a new stake in Barrick Gold Corp. during the first quarter worth about $6,380,000. Teachers Advisors Inc. bought a new stake in Barrick Gold Corp. during the first quarter worth about $9,869,000. BlackRock Japan Co. Ltd bought a new stake in Barrick Gold Corp. during the first quarter worth about $6,756,000. Finally, NN Investment Partners Holdings N.V. bought a new stake in Barrick Gold Corp. during the first quarter worth about $477,000. Institutional investors and hedge funds own 60.13% of the company’s stock.

About Barrick Gold Corp.

Barrick Gold Corporation (Barrick) is engaged in the production and sale of gold, as well as related activities, such as exploration and mine development. The Company produces copper, principally from its Zaldivar joint venture and Lumwana mine, and holds other interests. Barricks’ segments include Cortez, Goldstrike, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Porgera, Kalgoorlie, Acacia Mining plc, Lumwana, Zaldivar and Pascua-Lama Project.

5 Day Chart for NYSE:ABX

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