Barrick Gold (TSE:ABX) Stock Rating Upgraded by DZ Bank

Barrick Gold (TSE:ABX) (NYSE:ABX) was upgraded by equities research analysts at DZ Bank to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

ABX has been the topic of a number of other research reports. Stifel Nicolaus upped their target price on shares of Barrick Gold from C$46.00 to C$65.00 in a research note on Monday, October 20th. Scotiabank raised Barrick Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 23rd. Canaccord Genuity Group increased their target price on Barrick Gold from C$68.00 to C$70.00 in a report on Monday, December 1st. Citigroup upgraded Barrick Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 24th. Finally, Cormark upped their price target on Barrick Gold from C$66.00 to C$78.00 in a research report on Tuesday, November 25th. Eight equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$56.21.

Barrick Gold Trading Up 0.2%

Shares of TSE:ABX opened at C$69.12 on Monday. 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 12-month low of C$22.25 and a 12-month high of C$70.08. The firm has a fifty day moving average of C$59.95 and a two-hundred day moving average of C$46.33. The firm has a market capitalization of C$117.92 billion, a P/E ratio of 33.23, a price-to-earnings-growth ratio of 2.34 and a beta of 1.50.

Barrick Gold (TSE:ABX) (NYSE:ABX) last issued its quarterly earnings results on Monday, November 10th. The basic materials company reported C$0.58 earnings per share (EPS) for the quarter. The company had revenue of C$3.41 billion for the quarter. Barrick Gold had a return on equity of 6.90% and a net margin of 13.19%. On average, equities analysts expect that Barrick Gold will post 2.2422764 EPS for the current fiscal year.

About Barrick Gold

Barrick is a leading global mining, exploration and development company. With one of the largest portfolios of world-class and long-life gold and copper assets in the industry – including six of the world’s Tier One gold mines -Barrick’s operations and projects span 18 countries and five continents. Barrick is also the largest gold producer in the United States. We create real, long-term value for all stakeholders through responsible mining, strong partnerships and a disciplined approach to growth.