Brokerages Set Barrick Gold Co. (TSE:ABX) PT at C$33.14

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) has been given an average rating of “Moderate Buy” by the twelve research firms that are currently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and three have issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$33.14.

Separately, Cibc World Mkts raised shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 12th.

Barrick Gold Trading Down 0.6%

TSE ABX opened at C$40.69 on Friday. The firm’s 50-day moving average is C$32.73 and its two-hundred day moving average is C$29.00. Barrick Gold has a 12 month low of C$21.73 and a 12 month high of C$41.24. 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$69.42 billion, a P/E ratio of 25.59, a PEG ratio of 2.34 and a beta of 0.72.

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.