Brokerages Set Barrick Gold Co. (TSE:ABX) PT at C$60.69

Shares of Barrick Gold Co. (TSE:ABX) (NYSE:ABX) have earned an average rating of “Buy” from the fifteen brokerages that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating, seven have issued a buy rating and seven have issued a strong buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$61.31.

A number of brokerages recently commented on ABX. National Bankshares lifted their price objective on Barrick Gold from C$77.50 to C$82.50 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. DZ Bank upgraded Barrick Gold to a “strong-buy” rating in a report on Monday, January 19th. Cormark upped their price objective on shares of Barrick Gold from C$66.00 to C$78.00 in a report on Tuesday, November 25th. Canaccord Genuity Group boosted their target price on shares of Barrick Gold from C$68.00 to C$70.00 in a report on Monday, December 1st. Finally, Scotiabank raised shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 23rd.

Barrick Gold Trading Up 2.7%

Barrick Gold stock opened at C$61.75 on Wednesday. The firm has a market cap of C$103.45 billion, a PE ratio of 29.69, a P/E/G ratio of 2.34 and a beta of 1.47. Barrick Gold has a 12 month low of C$24.28 and a 12 month high of C$74.00. The stock’s 50 day simple moving average is C$63.28 and its two-hundred day simple moving average is C$49.78. The company has a current ratio of 2.65, a quick ratio of 2.62 and a debt-to-equity ratio of 19.83.

Barrick Gold (TSE:ABX) (NYSE:ABX) last posted its earnings results on Monday, November 10th. The basic materials company reported C$0.58 earnings per share (EPS) for the quarter. The business had revenue of C$3.41 billion for the quarter. Barrick Gold had a net margin of 13.19% and a return on equity of 6.90%. Analysts anticipate that Barrick Gold will post 2.2422764 earnings per share for the current year.

Barrick Gold Company Profile

Barrick is a leading global mining, exploration and development company. With one of the largest portfolios of world-class and long-life gold and copper assets in the industry – including six of the world’s Tier One gold mines -Barrick’s operations and projects span 18 countries and five continents. Barrick is also the largest gold producer in the United States. We create real, long-term value for all stakeholders through responsible mining, strong partnerships and a disciplined approach to growth.