Barrick Gold Corporation (NYSE:ABX) (TSE:ABX)‘s stock had its “buy” rating reiterated by Jefferies Group LLC in a report released on Tuesday, July 4th, StockTargetPrices.com reports. They currently have a $21.00 price target on the basic materials company’s stock. Jefferies Group LLC’s price target would indicate a potential upside of 26.43% from the company’s current price.

A number of other research analysts also recently weighed in on ABX. Barclays PLC upped their price target on Barrick Gold Corporation from $20.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Monday, March 6th. Vetr downgraded Barrick Gold Corporation from a “buy” rating to a “hold” rating and set a $19.30 price target on the stock. in a research note on Wednesday, March 15th. Royal Bank Of Canada raised Barrick Gold Corporation from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $19.00 to $23.00 in a research note on Thursday, March 16th. They noted that the move was a valuation call. BMO Capital Markets reaffirmed a “buy” rating on shares of Barrick Gold Corporation in a report on Friday, March 31st. Finally, TD Securities reaffirmed a “hold” rating and issued a $20.00 target price on shares of Barrick Gold Corporation in a report on Tuesday, April 25th. Eleven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Barrick Gold Corporation has a consensus rating of “Hold” and a consensus price target of $21.73.

Barrick Gold Corporation (NYSE ABX) traded down 2.64% during trading on Tuesday, reaching $16.61. 10,882,342 shares of the company’s stock were exchanged. The company has a market capitalization of $19.37 billion, a price-to-earnings ratio of 8.22 and a beta of -0.23. Barrick Gold Corporation has a 52-week low of $13.81 and a 52-week high of $22.70. The stock’s 50-day moving average price is $16.04 and its 200-day moving average price is $17.58.

Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) last announced its quarterly earnings data on Wednesday, July 26th. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.05. The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.03 billion. Barrick Gold Corporation had a return on equity of 8.91% and a net margin of 26.95%. The firm’s revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.14 EPS. Equities analysts expect that Barrick Gold Corporation will post $0.73 earnings per share for the current year.

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Large investors have recently made changes to their positions in the stock. Sanders Morris Harris Inc. increased its stake in shares of Barrick Gold Corporation by 9.0% in the first quarter. Sanders Morris Harris Inc. now owns 146,000 shares of the basic materials company’s stock worth $2,773,000 after buying an additional 12,000 shares during the last quarter. Gemmer Asset Management LLC acquired a new stake in shares of Barrick Gold Corporation during the first quarter worth about $155,000. Bennicas & Associates Inc. increased its stake in shares of Barrick Gold Corporation by 4.3% in the first quarter. Bennicas & Associates Inc. now owns 24,450 shares of the basic materials company’s stock worth $464,000 after buying an additional 1,000 shares during the last quarter. Capstone Asset Management Co. increased its stake in shares of Barrick Gold Corporation by 2.0% in the first quarter. Capstone Asset Management Co. now owns 72,065 shares of the basic materials company’s stock worth $1,369,000 after buying an additional 1,420 shares during the last quarter. Finally, ANTIPODES PARTNERS Ltd increased its stake in shares of Barrick Gold Corporation by 15.3% in the first quarter. ANTIPODES PARTNERS Ltd now owns 1,471,766 shares of the basic materials company’s stock worth $24,454,000 after buying an additional 195,478 shares during the last quarter. Institutional investors and hedge funds own 57.72% of the company’s stock.

Barrick Gold Corporation Company Profile

Barrick Gold Corporation (Barrick) is a gold mining company. The Company is principally engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. The Company’s segments include Goldstrike, Cortez, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Acacia Mining plc (Acacia), Pascua-Lama and Other Mines.

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Analyst Recommendations for Barrick Gold Corporation (NYSE:ABX)

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