Barrick Gold (TSE:ABX) Given New C$72.50 Price Target at National Bank Financial

Barrick Gold (TSE:ABX) (NYSE:ABX) had its price target trimmed by National Bank Financial from C$75.00 to C$72.50 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has an outperform rating on the basic materials company’s stock.

A number of other equities analysts have also weighed in on ABX. Sanford C. Bernstein upped their target price on Barrick Gold from C$84.00 to C$86.00 in a research report on Friday, February 27th. JPMorgan Chase & Co. upped their target price on Barrick Gold from C$89.00 to C$91.00 in a research report on Wednesday, February 25th. ATB Cormark Capital Markets lowered Barrick Gold from a “moderate buy” rating to a “hold” rating and upped their target price for the stock from C$70.00 to C$75.00 in a research report on Tuesday, April 7th. Stifel Nicolaus upped their target price on Barrick Gold from C$65.00 to C$95.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. Finally, Canaccord Genuity Group decreased their price objective on Barrick Gold from C$80.00 to C$77.00 in a report on Wednesday, February 18th. Five investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$76.94.

Barrick Gold Price Performance

Shares of TSE:ABX opened at C$59.35 on Friday. The company has a quick ratio of 2.62, a current ratio of 2.92 and a debt-to-equity ratio of 17.89. Barrick Gold has a twelve month low of C$24.29 and a twelve month high of C$74.00. The stock’s 50 day moving average is C$60.56 and its 200-day moving average is C$57.87. The firm has a market capitalization of C$99.44 billion, a price-to-earnings ratio of 20.26, a PEG ratio of 2.34 and a beta of 1.61.

Barrick Gold (TSE:ABX) (NYSE:ABX) last issued its earnings results on Thursday, February 5th. The basic materials company reported C$1.43 earnings per share for the quarter. Barrick Gold had a return on equity of 19.79% and a net margin of 29.39%.The company had revenue of C$8.01 billion for the quarter. Sell-side analysts forecast that Barrick Gold will post 2.2422764 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Pekka Juhani Vauramo acquired 12,400 shares of the firm’s stock in a transaction on Thursday, February 12th. The stock was purchased at an average cost of C$65.41 per share, with a total value of C$811,084.00. Following the acquisition, the director owned 12,400 shares of the company’s stock, valued at approximately C$811,084. This trade represents a ∞ increase in their position. Also, insider Graham Patrick Shuttleworth sold 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of C$64.72, for a total value of C$6,472,000.00. Following the sale, the insider directly owned 487,252 shares of the company’s stock, valued at C$31,534,949.44. This represents a 17.03% decrease in their ownership of the stock. Insiders own 0.60% of the company’s stock.

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.