Barrick Gold (TSE:ABX) Upgraded at Atb Cormark Cm

Atb Cormark Cm upgraded shares of Barrick Gold (TSE:ABX) (NYSE:ABX) to a moderate buy rating in a research note published on Monday morning,Zacks.com reports.

Several other equities analysts also recently weighed in on ABX. JPMorgan Chase & Co. set a C$92.00 target price on shares of Barrick Gold and gave the stock an “overweight” rating in a research note on Thursday, January 29th. National Bank Financial lifted their target price on shares of Barrick Gold from C$77.50 to C$82.50 and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Stifel Nicolaus boosted their price objective on shares of Barrick Gold from C$46.00 to C$65.00 in a research note on Monday, October 20th. BNP Paribas Exane upgraded Barrick Gold to a “strong-buy” rating in a research note on Friday, December 5th. Finally, DZ Bank raised shares of Barrick Gold to a “strong-buy” rating in a research note on Monday, January 19th. Six equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$73.50.

Barrick Gold Trading Up 1.6%

ABX stock opened at C$64.79 on Monday. The company’s 50-day simple moving average is C$63.65 and its 200 day simple moving average is C$50.36. Barrick Gold has a 52 week low of C$24.28 and a 52 week high of C$74.00. The company has a market capitalization of C$108.55 billion, a PE ratio of 22.11, a price-to-earnings-growth ratio of 2.34 and a beta of 1.47. The company has a debt-to-equity ratio of 19.83, a quick ratio of 2.62 and a current ratio of 2.65.

Barrick Gold (TSE:ABX) (NYSE:ABX) last released its earnings results on Monday, November 10th. The basic materials company reported C$0.58 EPS 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 for the quarter. As a group, sell-side analysts anticipate that Barrick Gold will post 2.2422764 earnings per share 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.