Barrick Gold (TSE:ABX) Stock Price Expected to Rise, National Bankshares Analyst Says

Barrick Gold (TSE:ABX) (NYSE:ABX) had its target price increased by investment analysts at National Bankshares from C$77.50 to C$82.50 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the basic materials company’s stock. National Bankshares’ price objective indicates a potential upside of 37.20% from the stock’s previous close.

Several other equities analysts also recently weighed in on the stock. DZ Bank raised shares of Barrick Gold to a “strong-buy” rating in a report on Monday, January 19th. JPMorgan Chase & Co. set a C$92.00 target price on shares of Barrick Gold and gave the company an “overweight” rating in a research note on Thursday, January 29th. Cormark upped their target price on shares of Barrick Gold from C$66.00 to C$78.00 in a report on Tuesday, November 25th. Stifel Nicolaus raised their price target on Barrick Gold from C$46.00 to C$65.00 in a report on Monday, October 20th. Finally, BNP Paribas Exane raised Barrick Gold to a “strong-buy” rating in a research note on Friday, December 5th. Seven analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Barrick Gold currently has a consensus rating of “Buy” and an average price target of C$61.31.

Barrick Gold Stock Performance

Shares of TSE ABX opened at C$60.13 on Wednesday. The firm’s 50-day moving average price is C$63.22 and its 200-day moving average price is C$49.27. The company has a quick ratio of 2.62, a current ratio of 2.65 and a debt-to-equity ratio of 19.83. The company has a market cap of C$102.58 billion, a PE ratio of 28.91, a PEG ratio of 2.34 and a beta of 1.47. Barrick Gold has a 52-week low of C$24.28 and a 52-week high of C$74.00.

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