Barrick Gold (TSE:ABX) (NYSE:ABX) had its price objective hoisted by equities research analysts at Canaccord Genuity from C$21.00 to C$22.00 in a note issued to investors on Monday, BayStreet.CA reports. Canaccord Genuity’s price objective points to a potential downside of 2.96% from the company’s previous close.

Several other research firms also recently commented on ABX. Eight Capital raised their price objective on Barrick Gold from C$20.00 to C$28.00 in a report on Thursday, August 8th. BMO Capital Markets restated an “outperform” rating and set a C$20.00 price objective on shares of Barrick Gold in a report on Thursday, July 4th. Finally, Macquarie restated an “outperform” rating and set a C$28.50 price objective on shares of Barrick Gold in a report on Friday. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of C$21.24.

Shares of TSE ABX traded down C$0.18 during midday trading on Monday, hitting C$22.67. The company’s stock had a trading volume of 3,055,083 shares, compared to its average volume of 5,171,335. The company has a current ratio of 2.72, a quick ratio of 1.45 and a debt-to-equity ratio of 31.45. The business’s 50 day moving average is C$24.05 and its two-hundred day moving average is C$19.73. Barrick Gold has a 12-month low of C$13.16 and a 12-month high of C$26.69. The firm has a market cap of $40.05 billion and a P/E ratio of -25.37.

Barrick Gold (TSE:ABX) (NYSE:ABX) last released its quarterly earnings data on Monday, August 12th. The basic materials company reported C$0.12 EPS for the quarter, missing the consensus estimate of C$0.13 by C($0.01). The business had revenue of C$2.76 billion during the quarter, compared to the consensus estimate of C$2.78 billion. On average, analysts predict that Barrick Gold will post 0.49 earnings per share for the current fiscal year.

In other news, Senior Officer Mark Francis Hill acquired 20,373 shares of Barrick Gold stock in a transaction on Monday, August 19th. The shares were bought at an average cost of C$24.03 per share, for a total transaction of C$489,563.19. Following the acquisition, the insider now directly owns 38,826 shares of the company’s stock, valued at approximately C$932,988.78.

Large investors have recently made changes to their positions in the company. Cornerstone Advisors Inc. increased its holdings in shares of Barrick Gold by 48.7% in the 1st quarter. Cornerstone Advisors Inc. now owns 2,433 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 797 shares during the period. Synovus Financial Corp boosted its position in shares of Barrick Gold by 152.8% in the 1st quarter. Synovus Financial Corp now owns 2,445 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 1,478 shares in the last quarter. Private Vista LLC acquired a new stake in Barrick Gold during the 1st quarter worth about $137,000. Nicola Wealth Management LTD. acquired a new stake in Barrick Gold during the 1st quarter worth about $192,000. Finally, Checchi Capital Advisers LLC acquired a new stake in Barrick Gold during the 1st quarter worth about $155,000.

Barrick Gold Company Profile

Barrick Gold Corporation explores for and develops mineral properties. The company primarily explores for gold, copper, and silver deposits. It holds a 50% interest in the Veladero, a gold mine located in Argentina; 50% interest in the Kalgoorlie gold mine located in Australia; 95% interest in the Porgera gold mine located in Papua New Guinea; 50% interest in the Zaldívar, a copper mine located in Chile; and 50% interest in the Jabal Sayid copper mine located in Saudi Arabia.

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Analyst Recommendations for Barrick Gold (TSE:ABX)

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