Barrick Gold Co. (TSE:ABX) Receives Consensus Rating of “Moderate Buy” from Analysts

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) has been assigned an average rating of “Moderate Buy” from the eleven research firms that are presently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$30.17.

Several equities research analysts have commented on ABX shares. Scotiabank lowered shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st. Cibc World Mkts cut shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. Canaccord Genuity Group reduced their price target on shares of Barrick Gold from C$33.50 to C$30.00 in a research report on Wednesday, January 15th. TD Cowen restated a “buy” rating and issued a C$36.00 price target on shares of Barrick Gold in a report on Tuesday, January 14th. Finally, Stifel Nicolaus reduced their price objective on Barrick Gold from C$33.50 to C$32.00 in a report on Monday, December 2nd.

Insider Activity

In other news, Director Dennis Mark Bristow bought 85,296 shares of Barrick Gold stock in a transaction dated Thursday, November 21st. The shares were acquired at an average cost of C$25.03 per share, with a total value of C$2,135,291.53. Also, Senior Officer Poupak Bahamin bought 5,778 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was purchased at an average price of C$25.03 per share, with a total value of C$144,645.87. Corporate insiders own 0.60% of the company’s stock.

Barrick Gold Price Performance

Shares of TSE ABX opened at C$25.43 on Friday. The stock has a fifty day moving average price of C$23.33 and a 200 day moving average price of C$25.22. Barrick Gold has a 1-year low of C$19.25 and a 1-year high of C$29.50. The company has a debt-to-equity ratio of 19.83, a current ratio of 2.65 and a quick ratio of 2.62. The company has a market cap of C$30.91 billion, a PE ratio of 19.15, a P/E/G ratio of 2.34 and a beta of 0.48.

Barrick Gold Company Profile

Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties in Canada and internationally. The company also explores and sells silver and energy materials. It has ownership interests in producing gold mines located in Argentina, Canada, Côte d’Ivoire, the Democratic Republic of Congo, the Dominican Republic, Mali, Tanzania, and the United States.