Barrick Gold (TSE:ABX) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Barrick Gold Co. (TSE:ABX) (NYSE:ABX)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$25.26 and traded as high as C$26.29. Barrick Gold shares last traded at C$26.04, with a volume of 2,228,118 shares.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ABX. Sanford C. Bernstein lowered their target price on Barrick Gold from C$37.00 to C$36.00 in a research report on Tuesday, November 5th. UBS Group lowered Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Canaccord Genuity Group cut their price objective on Barrick Gold from C$33.50 to C$30.00 in a report on Wednesday, January 15th. Royal Bank of Canada raised their target price on shares of Barrick Gold to C$19.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Finally, Stifel Nicolaus dropped their price target on shares of Barrick Gold from C$33.50 to C$32.00 in a research report on Monday, December 2nd. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$30.73.

Barrick Gold Price Performance

The company’s 50-day simple moving average is C$23.57 and its 200-day simple moving average is C$25.26. 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 stock has a market capitalization of C$31.65 billion, a price-to-earnings ratio of 19.61, a P/E/G ratio of 2.34 and a beta of 0.48.

Insider Activity at Barrick Gold

In other Barrick Gold news, Senior Officer Poupak Bahamin sold 2,500 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of C$24.49, for a total value of C$61,215.00. 0.60% of the stock is currently owned by corporate insiders.

Barrick Gold Company Profile

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.