Barrick Gold (TSE:ABX) PT Set at C$92.00 by JPMorgan Chase & Co.

Barrick Gold (TSE:ABX) (NYSE:ABX) has been assigned a C$92.00 price target by investment analysts at JPMorgan Chase & Co. in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has an “overweight” rating on the basic materials company’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 47.81% from the stock’s previous close.

ABX has been the subject of several other reports. BNP Paribas Exane upgraded Barrick Gold to a “strong-buy” rating in a research report on Friday, December 5th. Scotiabank raised shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 23rd. Cormark increased their target price on shares of Barrick Gold from C$66.00 to C$78.00 in a research report on Tuesday, November 25th. Citigroup raised shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 24th. Finally, DZ Bank raised shares of Barrick Gold to a “strong-buy” rating in a research note on Monday, January 19th. Seven analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Barrick Gold presently has a consensus rating of “Buy” and a consensus target price of C$60.69.

Barrick Gold Stock Down 11.3%

ABX opened at C$62.24 on Thursday. The company has a market cap of C$106.18 billion, a PE ratio of 29.92, a price-to-earnings-growth ratio of 2.34 and a beta of 1.50. Barrick Gold has a twelve month low of C$23.68 and a twelve month high of C$74.00. The company has a 50-day moving average price of C$62.66 and a 200 day moving average price of C$48.31. The company has a quick ratio of 2.62, a current ratio of 2.65 and a debt-to-equity ratio of 19.83.

Barrick Gold (TSE:ABX) (NYSE:ABX) last posted its quarterly earnings data on Monday, November 10th. The basic materials company reported C$0.58 earnings per share (EPS) for the quarter. Barrick Gold had a return on equity of 6.90% and a net margin of 13.19%.The company had revenue of C$3.41 billion for the quarter. Sell-side analysts expect that Barrick Gold will post 2.2422764 earnings per share for the current fiscal year.

About Barrick Gold

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.