Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) received a $20.00 price objective from stock analysts at Jefferies Group LLC in a research report issued on Tuesday. The brokerage presently has a “buy” rating on the basic materials company’s stock. Jefferies Group LLC’s price objective suggests a potential upside of 20.85% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on ABX. TD Securities reaffirmed a “hold” rating on shares of Barrick Gold Corporation in a research report on Sunday, May 28th. BidaskClub raised shares of Barrick Gold Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Royal Bank Of Canada reaffirmed a “buy” rating and set a $21.00 price objective on shares of Barrick Gold Corporation in a research report on Tuesday, June 13th. Zacks Investment Research raised shares of Barrick Gold Corporation from a “sell” rating to a “hold” rating in a research report on Friday, July 21st. Finally, Barclays PLC reaffirmed an “equal weight” rating and set a $20.00 price objective (down previously from $22.00) on shares of Barrick Gold Corporation in a research report on Thursday, June 1st. Ten research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $20.59.

Shares of Barrick Gold Corporation (NYSE ABX) opened at 16.55 on Tuesday. The company has a 50 day moving average price of $16.28 and a 200-day moving average price of $17.53. The stock has a market cap of $19.30 billion, a price-to-earnings ratio of 8.19 and a beta of -0.23. Barrick Gold Corporation has a one year low of $13.81 and a one year high of $21.19.

Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) last posted its quarterly earnings data on Wednesday, July 26th. The basic materials company reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.05. The firm had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.03 billion. Barrick Gold Corporation had a net margin of 26.95% and a return on equity of 8.91%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the company posted $0.14 EPS. Equities analysts predict that Barrick Gold Corporation will post $0.73 earnings per share for the current fiscal year.

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Several large investors have recently made changes to their positions in the stock. Capstone Asset Management Co. raised its stake in shares of Barrick Gold Corporation by 2.0% in the first quarter. Capstone Asset Management Co. now owns 72,065 shares of the basic materials company’s stock worth $1,369,000 after buying an additional 1,420 shares during the last quarter. Rothschild Investment Corp IL raised its stake in shares of Barrick Gold Corporation by 148.6% in the second quarter. Rothschild Investment Corp IL now owns 49,775 shares of the basic materials company’s stock worth $792,000 after buying an additional 29,750 shares during the last quarter. Arlington Capital Management Inc. raised its stake in shares of Barrick Gold Corporation by 4.4% in the first quarter. Arlington Capital Management Inc. now owns 850,132 shares of the basic materials company’s stock worth $16,144,000 after buying an additional 35,481 shares during the last quarter. Candriam Luxembourg S.C.A. raised its stake in shares of Barrick Gold Corporation by 18.6% in the first quarter. Candriam Luxembourg S.C.A. now owns 32,133 shares of the basic materials company’s stock worth $609,000 after buying an additional 5,030 shares during the last quarter. Finally, Morgan Stanley raised its stake in shares of Barrick Gold Corporation by 40.9% in the first quarter. Morgan Stanley now owns 3,754,302 shares of the basic materials company’s stock worth $71,294,000 after buying an additional 1,090,729 shares during the last quarter. Institutional investors and hedge funds own 58.68% of the company’s stock.

About Barrick Gold Corporation

Barrick Gold Corporation (Barrick) is a gold mining company. The Company is principally engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. The Company’s segments include Goldstrike, Cortez, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Acacia Mining plc (Acacia), Pascua-Lama and Other Mines.

Analyst Recommendations for Barrick Gold Corporation (NYSE:ABX)

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