Barrick Gold (TSE:ABX) Stock Gets Price Target Cut from Stifel Nicolaus

Barrick Gold (TSE:ABX) (NYSE:ABX) had its target price decreased by Stifel Nicolaus from C$90.00 to C$84.00 in a report released on Monday morning,BayStreet reports. Stifel Nicolaus currently has a buy rating on the basic materials company’s stock.

A number of other analysts have also recently issued reports on the company. Royal Bank Of Canada lowered their target price on Barrick Gold from C$51.00 to C$49.00 and set an “outperform” rating for the company in a research note on Thursday, July 9th. National Bank Financial increased their price target on Barrick Gold from C$67.50 to C$70.00 and gave the company an “outperform” rating in a research report on Tuesday, August 11th. Citigroup raised shares of Barrick Gold to a “hold” rating in a research report on Thursday, September 3rd. ATB Cormark Capital Markets decreased their target price on Barrick Gold from C$60.00 to C$57.00 and set a “sector perform” rating on the stock in a report on Tuesday, August 11th. Finally, Canadian Imperial Bank of Commerce cut shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 15th. Three research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$66.27.

Barrick Gold Price Performance

Barrick Gold stock opened at C$57.22 on Monday. The firm has a market capitalization of C$94.18 billion, a P/E ratio of 14.79, a PEG ratio of 2.34 and a beta of 1.63. Barrick Gold has a 1 year low of C$42.62 and a 1 year high of C$74.00. The business has a 50-day moving average of C$60.00 and a 200-day moving average of C$57.13. The company has a current ratio of 3.01, a quick ratio of 2.62 and a debt-to-equity ratio of 17.15.

Barrick Gold (TSE:ABX) (NYSE:ABX) last announced its quarterly earnings results on Monday, August 10th. The basic materials company reported C$1.17 earnings per share for the quarter. Barrick Gold had a net margin of 31.60% and a return on equity of 24.57%. The business had revenue of C$6.06 billion for the quarter. On average, equities analysts anticipate that Barrick Gold will post 2.24 EPS for the current year.

Insider Buying and Selling at Barrick Gold

In related news, Director Mark Francis Hill sold 174,778 shares of the company’s stock in a transaction that occurred on Friday, September 25th. The stock was sold at an average price of C$59.47, for a total value of C$10,394,047.66. Following the sale, the director directly owned 125,914 shares in the company, valued at C$7,488,105.58. This represents a 58.13% decrease in their ownership of the stock. Also, insider Darian Kevin Rich sold 75,452 shares of the company’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of C$67.99, for a total transaction of C$5,129,981.48. Following the completion of the sale, the insider directly owned 235,252 shares in the company, valued at approximately C$15,994,783.48. This represents a 24.28% decrease in their ownership of the stock. Corporate 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.