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

Shares of Barrick Gold Co. (TSE:ABX) (NYSE:ABX) have been given an average rating of “Moderate Buy” by the eleven brokerages that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$30.73.

A number of equities analysts recently issued reports on the stock. Canaccord Genuity Group decreased their target price on shares of Barrick Gold from C$33.50 to C$30.00 in a research report on Wednesday, January 15th. UBS Group upgraded shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Royal Bank of Canada raised their price objective on shares of Barrick Gold to C$19.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. TD Cowen restated a “buy” rating and set a C$36.00 price objective on shares of Barrick Gold in a research report on Tuesday, January 14th. Finally, Scotiabank lowered shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st.

Barrick Gold Stock Performance

Shares of ABX opened at C$26.40 on Thursday. The firm has a 50-day moving average price of C$24.46 and a 200 day moving average price of C$25.38. The firm has a market capitalization of C$32.09 billion, a PE ratio of 19.88, a P/E/G ratio of 2.34 and a beta of 0.48. The company has a quick ratio of 2.62, a current ratio of 2.65 and a debt-to-equity ratio of 19.83. Barrick Gold has a 52-week low of C$20.65 and a 52-week high of C$29.50.

Insider Buying and Selling at Barrick Gold

In other news, Senior Officer Poupak Bahamin sold 17,633 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of C$25.96, for a total value of C$457,781.77. Also, Director Dennis Mark Bristow purchased 230,872 shares of Barrick Gold stock in a transaction dated Tuesday, February 25th. The stock was bought at an average cost of C$25.71 per share, with a total value of C$5,936,042.34. Insiders own 0.60% of the company’s stock.

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.