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

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) has earned an average recommendation of “Buy” from the twelve research firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and five have given a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$76.78.

Several brokerages have commented on ABX. National Bank Financial upped their price objective on Barrick Gold from C$72.50 to C$75.00 and gave the company an “outperform” rating in a research report on Tuesday, May 12th. JPMorgan Chase & Co. lowered their target price on shares of Barrick Gold from C$91.00 to C$79.00 in a research note on Thursday, April 23rd. Barclays set a C$56.00 price target on shares of Barrick Gold and gave the stock an “equal weight” rating in a report on Friday, May 22nd. Sanford C. Bernstein raised their price target on shares of Barrick Gold from C$86.00 to C$91.00 in a research note on Monday, April 20th. Finally, BMO Capital Markets boosted their price objective on shares of Barrick Gold from C$55.00 to C$65.00 in a research report on Wednesday, April 22nd.

Insider Activity at Barrick Gold

In related news, Director Mark Francis Hill sold 9,453 shares of the stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of C$56.85, for a total value of C$537,403.05. Following the transaction, the director owned 334,176 shares of the company’s stock, valued at C$18,997,905.60. This represents a 2.75% decrease in their ownership of the stock. Also, Director Robert Ananda Paul Samek acquired 10,000 shares of Barrick Gold stock in a transaction on Friday, June 5th. The shares were purchased at an average price of C$55.06 per share, for a total transaction of C$550,600.00. Following the completion of the acquisition, the director directly owned 18,900 shares in the company, valued at C$1,040,634. This trade represents a 112.36% increase in their ownership of the stock. Insiders have sold 134,422 shares of company stock valued at $7,695,879 in the last ninety days. Insiders own 0.60% of the company’s stock.

Barrick Gold Stock Up 2.4%

Shares of TSE ABX opened at C$55.56 on Friday. The company has a debt-to-equity ratio of 17.29, a current ratio of 3.06 and a quick ratio of 2.62. The company has a market cap of C$93.09 billion, a P/E ratio of 15.35, a PEG ratio of 2.34 and a beta of 1.50. Barrick Gold has a 1 year low of C$28.13 and a 1 year high of C$74.00. The firm has a 50-day simple moving average of C$56.26 and a two-hundred day simple moving average of C$60.13.

Barrick Gold (TSE:ABX) (NYSE:ABX) last released its earnings results on Monday, May 11th. The basic materials company reported C$1.36 EPS for the quarter. Barrick Gold had a return on equity of 23.48% and a net margin of 32.04%.The firm had revenue of C$5.81 billion for the quarter. Research analysts anticipate that Barrick Gold will post 2.2422764 earnings per share 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.