Barrick Gold Co. (TSE:ABX) Receives Average Recommendation of “Buy” from Brokerages

Shares of Barrick Gold Co. (TSE:ABX) (NYSE:ABX) have received an average rating of “Buy” from the fifteen ratings firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and seven have given a strong buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$53.69.

Several research analysts have issued reports on ABX shares. BMO Capital Markets raised their target price on Barrick Gold from C$37.00 to C$41.00 in a research report on Monday, September 22nd. National Bank Financial raised shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a report on Friday, September 19th. National Bankshares upped their target price on shares of Barrick Gold from C$65.00 to C$77.50 and gave the company an “outperform” rating in a report on Tuesday, December 9th. Citigroup upgraded shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 24th. Finally, BNP Paribas upgraded shares of Barrick Gold to a “strong-buy” rating in a research note on Friday, December 5th.

Barrick Gold Price Performance

Shares of ABX opened at C$66.52 on Friday. The firm has a market cap of C$113.48 billion, a PE ratio of 31.98, a P/E/G ratio of 2.34 and a beta of 1.50. The company has a current ratio of 2.65, a quick ratio of 2.62 and a debt-to-equity ratio of 19.83. The firm has a fifty day simple moving average of C$56.89 and a two-hundred day simple moving average of C$44.13. Barrick Gold has a 1-year low of C$22.02 and a 1-year high of C$67.41.

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