Barrick Gold Co. (TSE:ABX) Stock Has Consensus Price Target of C$67.67

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) has earned a consensus rating of “Buy” from the thirteen ratings firms that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and three have issued a strong buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$67.67.

A number of brokerages have weighed in on ABX. Raymond James Financial reduced their price objective on Barrick Gold from C$58.00 to C$56.00 and set an “outperform” rating for the company in a research note on Tuesday, August 11th. Canaccord Genuity Group boosted their price target on shares of Barrick Gold from C$68.00 to C$73.00 and gave the stock a “buy” rating in a research note on Tuesday, August 25th. Citigroup upgraded shares of Barrick Gold to a “hold” rating in a research note on Thursday, September 3rd. National Bank Financial raised their price objective on shares of 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. Finally, Barclays raised their price objective on shares of Barrick Gold from C$55.00 to C$58.00 in a research report on Thursday, August 13th.

Barrick Gold Price Performance

Barrick Gold stock opened at C$55.35 on Monday. The stock has a market cap of C$91.10 billion, a P/E ratio of 14.30, a price-to-earnings-growth ratio of 2.34 and a beta of 1.63. The company has a fifty day simple moving average of C$60.06 and a 200-day simple moving average of C$57.08. Barrick Gold has a 12-month low of C$42.62 and a 12-month high of C$74.00. 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 issued its earnings results on Monday, August 10th. The basic materials company reported C$1.17 earnings per share (EPS) 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 during the quarter. Equities analysts expect that Barrick Gold will post 2.24 EPS for the current fiscal year.

Insiders Place Their Bets

In other Barrick Gold news, insider Darian Kevin Rich sold 75,452 shares of the stock in a transaction dated Monday, August 24th. The shares were sold at an average price of C$67.99, for a total value of C$5,129,981.48. Following the completion of the transaction, the insider directly owned 235,252 shares of the company’s stock, valued at approximately C$15,994,783.48. This trade represents a 24.28% decrease in their ownership of the stock. Also, insider Sarah Anna Ball Teslik bought 12,613 shares of the company’s stock in a transaction on Friday, August 21st. The stock was bought at an average cost of C$67.27 per share, with a total value of C$848,476.51. Following the completion of the acquisition, the insider owned 12,613 shares of the company’s stock, valued at C$848,476.51. This represents a ∞ increase in their position. 0.60% of the stock is currently owned by company insiders.

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.