Barrick Gold Corporation (NYSE:ABX) (TSE:ABX)‘s stock had its “buy” rating reaffirmed by equities research analysts at Credit Suisse Group in a research report issued to clients and investors on Sunday. They presently have a $22.00 price target on the basic materials company’s stock. Credit Suisse Group’s price target suggests a potential upside of 34.47% from the company’s current price.

A number of other research firms have also recently issued reports on ABX. Royal Bank Of Canada reiterated an “outperform” rating on shares of Barrick Gold Corporation in a report on Friday, August 18th. BidaskClub cut Barrick Gold Corporation from a “hold” rating to a “sell” rating in a report on Saturday, July 1st. Deutsche Bank AG reiterated a “buy” rating and issued a $21.00 price objective (down previously from $22.00) on shares of Barrick Gold Corporation in a report on Sunday, June 25th. Berenberg Bank set a $15.00 price objective on Barrick Gold Corporation and gave the stock a “sell” rating in a report on Saturday, May 27th. Finally, BMO Capital Markets cut Barrick Gold Corporation from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $21.00 to $18.00 in a report on Thursday, July 6th. Ten analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $20.51.

Shares of Barrick Gold Corporation (NYSE ABX) traded up 0.18% during trading on Friday, reaching $16.36. 7,222,523 shares of the company traded hands. Barrick Gold Corporation has a 12 month low of $13.81 and a 12 month high of $20.78. The stock has a market cap of $19.08 billion, a P/E ratio of 8.10 and a beta of -0.29. The stock’s 50 day moving average price is $17.20 and its 200-day moving average price is $17.21.

Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) last announced its earnings results on Wednesday, July 26th. The basic materials company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.05. The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.03 billion. Barrick Gold Corporation had a return on equity of 8.91% and a net margin of 26.95%. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.14 EPS. On average, equities research analysts expect that Barrick Gold Corporation will post $0.74 EPS for the current fiscal year.

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A number of large investors have recently bought and sold shares of ABX. Ameriprise Financial Inc. increased its holdings in shares of Barrick Gold Corporation by 201.8% in the first quarter. Ameriprise Financial Inc. now owns 45,655 shares of the basic materials company’s stock worth $867,000 after purchasing an additional 30,526 shares during the last quarter. Parametric Portfolio Associates LLC increased its stake in Barrick Gold Corporation by 11.0% during the first quarter. Parametric Portfolio Associates LLC now owns 479,904 shares of the basic materials company’s stock worth $9,113,000 after acquiring an additional 47,502 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Barrick Gold Corporation by 26.4% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 45,686 shares of the basic materials company’s stock worth $868,000 after acquiring an additional 9,534 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Barrick Gold Corporation by 0.7% during the first quarter. Envestnet Asset Management Inc. now owns 86,751 shares of the basic materials company’s stock worth $1,646,000 after acquiring an additional 636 shares during the last quarter. Finally, M&T Bank Corp increased its stake in Barrick Gold Corporation by 0.4% during the first quarter. M&T Bank Corp now owns 44,573 shares of the basic materials company’s stock worth $848,000 after acquiring an additional 158 shares during the last quarter. 55.65% of the stock is currently owned by institutional investors and hedge funds.

About Barrick Gold Corporation

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.

Analyst Recommendations for Barrick Gold Corporation (NYSE:ABX)

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