Barrick Gold (TSE:ABX) Stock Rating Upgraded by UBS Group

Barrick Gold (TSE:ABX) (NYSE:ABX) was upgraded by UBS Group from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

A number of other research firms also recently weighed in on ABX. Stifel Nicolaus reduced their target price on shares of Barrick Gold from C$33.50 to C$32.00 in a research report on Monday, December 2nd. Scotiabank downgraded shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st. National Bankshares reduced their target price on shares of Barrick Gold from C$26.00 to C$24.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 16th. Sanford C. Bernstein reduced their target price on shares of Barrick Gold from C$37.00 to C$36.00 in a research report on Tuesday, November 5th. Finally, Royal Bank of Canada upped their target price on shares of Barrick Gold to C$19.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$30.73.

Barrick Gold Stock Down 0.3 %

Shares of TSE ABX opened at C$26.39 on Wednesday. The company has a current ratio of 2.65, a quick ratio of 2.62 and a debt-to-equity ratio of 19.83. Barrick Gold has a 12 month low of C$20.65 and a 12 month high of C$29.50. The firm has a market capitalization of C$32.07 billion, a PE ratio of 19.87, a price-to-earnings-growth ratio of 2.34 and a beta of 0.48. The firm has a fifty day simple moving average of C$24.13 and a two-hundred day simple moving average of C$25.32.

Insider Activity at Barrick Gold

In other news, Senior Officer Poupak Bahamin sold 17,633 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of C$25.96, for a total transaction of C$457,781.77. Also, Director Dennis Mark Bristow purchased 230,872 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were bought at an average cost of C$25.71 per share, for a total transaction of C$5,936,042.34. 0.60% of the stock is currently owned by insiders.

About Barrick Gold

Barrick Gold Corp is one of the world’s largest gold producers, operating mines in North America, South America, Australia, and Africa. The company segments consist of nine gold mines namely Carlin, Cortez, Turquoise Ridge, Pueblo Viejo, Loulo-Gounkoto, Kibali, Veladero, North Mara, and Bulyanhulu. It generates maximum revenue from the Carlin mine segment.