Barrick Gold (TSE:ABX – Get Free Report) (NYSE:ABX) had its price target raised by research analysts at Sanford C. Bernstein from C$31.00 to C$32.00 in a note issued to investors on Thursday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the basic materials company’s stock. Sanford C. Bernstein’s target price points to a potential upside of 36.87% from the stock’s current price.
Several other equities analysts have also issued reports on the company. CIBC reaffirmed an “outperform” rating and issued a C$31.00 price target on shares of Barrick Gold in a research report on Thursday, February 15th. TD Securities reissued a “buy” rating and issued a C$29.00 target price on shares of Barrick Gold in a research report on Tuesday. Stifel Nicolaus decreased their target price on Barrick Gold from C$30.00 to C$25.00 and set a “buy” rating for the company in a research report on Friday, January 26th. Veritas Investment Research boosted their target price on Barrick Gold from C$20.70 to C$25.00 in a research report on Friday, April 12th. Finally, Berenberg Bank boosted their price target on Barrick Gold from C$29.00 to C$31.00 in a research note on Monday, April 8th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$28.40.
Get Our Latest Stock Analysis on ABX
Barrick Gold Stock Up 1.6 %
Barrick Gold (TSE:ABX – Get Free Report) (NYSE:ABX) last announced its quarterly earnings data on Wednesday, February 14th. The basic materials company reported C$0.37 EPS for the quarter, beating the consensus estimate of C$0.28 by C$0.09. The business had revenue of C$4.16 billion during the quarter, compared to analyst estimates of C$4.28 billion. Barrick Gold had a return on equity of 6.17% and a net margin of 11.16%. As a group, sell-side analysts forecast that Barrick Gold will post 1.196793 earnings per share for the current year.
About Barrick Gold
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.
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