Brokerages Set Barrick Gold Co. (TSE:ABX) PT at C$79.38

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) has received a consensus recommendation of “Buy” from the eleven brokerages that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, five have given a buy recommendation and five have given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$79.38.

A number of brokerages have weighed in on ABX. National Bank Financial boosted their price target on Barrick Gold from C$72.50 to C$75.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 12th. ATB Cormark Capital Markets cut Barrick Gold from a “moderate buy” rating to a “hold” rating and boosted their price target for the stock from C$70.00 to C$75.00 in a research report on Tuesday, April 7th. Canaccord Genuity Group reduced their price target on Barrick Gold from C$80.00 to C$77.00 in a research report on Wednesday, February 18th. JPMorgan Chase & Co. reduced their price target on Barrick Gold from C$91.00 to C$79.00 in a research report on Thursday, April 23rd. Finally, Stifel Nicolaus boosted their price target on Barrick Gold from C$65.00 to C$95.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th.

Barrick Gold Stock Performance

Shares of TSE ABX opened at C$56.88 on Friday. The business’s 50-day moving average price is C$56.86 and its two-hundred day moving average price is C$59.64. The company has a debt-to-equity ratio of 17.29, a current ratio of 3.06 and a quick ratio of 2.62. Barrick Gold has a one year low of C$25.56 and a one year high of C$74.00. The company has a market capitalization of C$95.30 billion, a P/E ratio of 15.71, a price-to-earnings-growth ratio of 2.34 and a beta of 1.62.

Barrick Gold (TSE:ABX) (NYSE:ABX) last issued its earnings results on Monday, May 11th. The basic materials company reported C$1.36 EPS for the quarter. Barrick Gold had a return on equity of 23.48% and a net margin of 32.04%.The firm had revenue of C$5.81 billion for the quarter. Analysts anticipate that Barrick Gold will post 2.2422764 earnings per share for the current fiscal year.

Barrick Gold Company Profile

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.