Stifel Nicolaus Increases Barrick Gold (TSE:ABX) Price Target to C$95.00

Barrick Gold (TSE:ABX) (NYSE:ABX) had its price target increased by Stifel Nicolaus from C$65.00 to C$95.00 in a research report issued on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the basic materials company’s stock. Stifel Nicolaus’ price objective would suggest a potential upside of 46.63% from the company’s current price.

Several other equities analysts have also weighed in on the stock. BNP Paribas Exane raised shares of Barrick Gold to a “strong-buy” rating in a research report on Friday, December 5th. DZ Bank raised shares of Barrick Gold to a “strong-buy” rating in a report on Monday, January 19th. Atb Cormark Cm raised Barrick Gold to a “moderate buy” rating in a research note on Monday. Cormark lifted their price target on Barrick Gold from C$66.00 to C$78.00 in a research note on Tuesday, November 25th. Finally, ATB Capital cut their price objective on shares of Barrick Gold from C$100.00 to C$94.00 and set an “outperform” rating on the stock in a research report on Monday. Six investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Barrick Gold presently has an average rating of “Buy” and an average price target of C$73.50.

Barrick Gold Stock Up 1.6%

ABX stock opened at C$64.79 on Tuesday. The firm has a market cap of C$108.55 billion, a price-to-earnings ratio of 22.11, a PEG ratio of 2.34 and a beta of 1.47. Barrick Gold has a 1-year low of C$24.28 and a 1-year high of C$74.00. The firm has a fifty day moving average price of C$63.65 and a two-hundred day moving average price of 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 (TSE:ABX) (NYSE:ABX) last issued its quarterly earnings data on Monday, November 10th. The basic materials company reported C$0.58 earnings per share (EPS) for the quarter. The business had revenue of C$3.41 billion during the quarter. Barrick Gold had a return on equity of 6.90% and a net margin of 13.19%. Research analysts predict 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.