Barrick Gold Co. (TSE:ABX) Given Average Rating of “Buy” by Analysts

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) has been assigned a consensus rating of “Buy” from the fourteen research firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and six have given a strong buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$79.63.

ABX has been the topic of a number of analyst reports. ATB Cormark Capital Markets cut their price objective on shares of Barrick Gold from C$100.00 to C$94.00 and set a “moderate buy” rating on the stock in a report on Monday, February 9th. BNP Paribas Exane upgraded shares of Barrick Gold to a “strong-buy” rating in a report on Friday, December 5th. Canaccord Genuity Group reduced their price objective on shares of Barrick Gold from C$80.00 to C$77.00 in a research report on Wednesday, February 18th. JPMorgan Chase & Co. upped their target price on Barrick Gold from C$89.00 to C$91.00 in a report on Wednesday. Finally, Stifel Nicolaus increased their price target on Barrick Gold from C$65.00 to C$95.00 and gave the company a “buy” rating in a research report on Tuesday, February 10th.

Barrick Gold Stock Performance

Shares of ABX opened at C$69.21 on Friday. The firm has a market capitalization of C$115.95 billion, a P/E ratio of 23.62, a P/E/G 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. The stock has a 50 day moving average price of C$65.52 and a two-hundred day moving average price of C$53.37. 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 announced its earnings results on Thursday, February 5th. The basic materials company reported C$1.43 earnings per share (EPS) for the quarter. The company had revenue of C$8.01 billion for the quarter. Barrick Gold had a return on equity of 6.90% and a net margin of 13.19%. Equities analysts forecast that Barrick Gold will post 2.2422764 earnings per share for the current fiscal year.

Insider Buying and Selling at Barrick Gold

In other Barrick Gold news, insider Graham Patrick Shuttleworth sold 100,000 shares of Barrick Gold stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of C$64.72, for a total value of C$6,472,000.00. Following the sale, the insider owned 487,252 shares of the company’s stock, valued at approximately C$31,534,949.44. The trade was a 17.03% decrease in their ownership of the stock. Also, Director Pekka Juhani Vauramo bought 12,400 shares of the company’s stock in a transaction on Thursday, February 12th. The stock was bought at an average price of C$65.41 per share, for a total transaction of C$811,084.00. Following the completion of the purchase, the director owned 12,400 shares of the company’s stock, valued at approximately C$811,084. The trade was a ∞ increase in their ownership of the stock. Company insiders own 0.60% of the company’s stock.

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.