National Bank Financial Issues Pessimistic Forecast for Barrick Gold (TSE:ABX) Stock Price

Barrick Gold (TSE:ABX) (NYSE:ABX) had its price target decreased by research analysts at National Bank Financial from C$82.50 to C$75.00 in a research note issued on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the basic materials company’s stock. National Bank Financial’s target price indicates a potential upside of 15.76% from the company’s previous close.

A number of other equities research analysts have also commented on ABX. Canaccord Genuity Group raised their price target on Barrick Gold from C$68.00 to C$70.00 in a research report on Monday, December 1st. BNP Paribas Exane raised Barrick Gold to a “strong-buy” rating in a report on Friday, December 5th. DZ Bank upgraded Barrick Gold to a “strong-buy” rating in a research report on Monday, January 19th. Scotiabank raised Barrick Gold from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 23rd. Finally, Citigroup raised Barrick Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 24th. Six 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 stock. Based on data from MarketBeat.com, Barrick Gold has a consensus rating of “Buy” and an average target price of C$73.50.

Barrick Gold Stock Up 1.6%

Shares of ABX opened at C$64.79 on Tuesday. The business’s 50 day simple moving average is C$63.65 and its 200-day simple moving average is C$50.36. The company has a debt-to-equity ratio of 19.83, a current ratio of 2.65 and a quick ratio of 2.62. Barrick Gold has a one year low of C$24.28 and a one year high of C$74.00. The company has a market capitalization of C$108.55 billion, a P/E ratio of 22.11, a PEG ratio of 2.34 and a beta of 1.47.

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