National Bankshares Has Lowered Expectations for Barrick Gold (TSE:ABX) Stock Price

Barrick Gold (TSE:ABX) (NYSE:ABX) had its target price lowered by equities researchers at National Bankshares from C$26.00 to C$24.00 in a report issued on Thursday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the basic materials company’s stock. National Bankshares’ price target suggests a potential upside of 3.72% from the stock’s previous close.

Several other research analysts also recently issued reports on the stock. UBS Group downgraded shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th. Royal Bank of Canada upped their target price on Barrick Gold to C$21.00 and gave the stock a “buy” rating in a report on Friday, December 20th. TD Cowen reissued a “buy” rating and set a C$36.00 price target on shares of Barrick Gold in a research note on Tuesday. Stifel Nicolaus reduced their price target on Barrick Gold from C$33.50 to C$32.00 in a report on Monday, December 2nd. Finally, Sanford C. Bernstein dropped their price objective on shares of Barrick Gold from C$37.00 to C$36.00 in a report on Tuesday, November 5th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Barrick Gold presently has an average rating of “Moderate Buy” and an average target price of C$30.38.

Barrick Gold Trading Up 2.2 %

Shares of Barrick Gold stock opened at C$23.14 on Thursday. The firm has a market capitalization of C$40.50 billion, a PE ratio of 19.45, a price-to-earnings-growth ratio of 2.34 and a beta of 0.48. The company has a current ratio of 3.01, a quick ratio of 2.62 and a debt-to-equity ratio of 14.54. The firm’s 50 day moving average is C$23.53 and its 200 day moving average is C$25.19. Barrick Gold has a 1 year low of C$18.65 and a 1 year high of C$29.50.

Insider Activity

In other Barrick Gold news, Senior Officer Poupak Bahamin sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of C$24.49, for a total value of C$61,215.00. Also, Director Dennis Mark Bristow purchased 85,296 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were acquired at an average price of C$25.03 per share, for a total transaction of C$2,135,291.53. Insiders own 0.60% of the company’s stock.

About Barrick Gold

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.