Barrick Gold (TSE:ABX – Get Free Report) (NYSE:ABX) had its price target cut by National Bankshares from C$30.00 to C$28.00 in a research note issued to investors on Friday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the basic materials company’s stock. National Bankshares’ price target indicates a potential upside of 19.00% from the company’s previous close.
Other equities analysts have also issued reports about the company. Raymond James cut their target price on Barrick Gold from C$28.00 to C$24.00 in a research report on Friday, February 16th. Stifel Nicolaus cut their target price on Barrick Gold from C$30.00 to C$25.00 and set a “buy” rating on the stock in a research report on Friday, January 26th. Sanford C. Bernstein upped their target price on Barrick Gold from C$31.00 to C$32.00 and gave the company an “outperform” rating in a research report on Thursday. TD Securities reaffirmed a “buy” rating and issued a C$29.00 target price on shares of Barrick Gold in a research report on Tuesday, April 16th. Finally, National Bank Financial reaffirmed a “sector perform overweight” rating on shares of Barrick Gold in a research report on Monday, April 8th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Barrick Gold currently has an average rating of “Moderate Buy” and a consensus price target of C$28.60.
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Barrick Gold Stock Performance
Barrick Gold stock opened at C$23.53 on Friday. The stock’s 50 day moving average price is C$21.59 and its 200 day moving average price is C$22.01. The firm has a market capitalization of C$41.41 billion, a PE ratio of 23.77, a price-to-earnings-growth ratio of 1.94 and a beta of 0.46. The company has a debt-to-equity ratio of 16.32, a quick ratio of 2.62 and a current ratio of 3.16. Barrick Gold has a one year low of C$18.65 and a one year high of C$28.19.
Barrick Gold (TSE:ABX – Get Free Report) (NYSE:ABX) last released its quarterly earnings results on Wednesday, February 14th. The basic materials company reported C$0.37 EPS for the quarter, topping the consensus estimate of C$0.28 by C$0.09. Barrick Gold had a return on equity of 6.17% and a net margin of 11.16%. The firm had revenue of C$4.16 billion for the quarter, compared to analyst estimates of C$4.28 billion. As a group, sell-side analysts expect that Barrick Gold will post 1.196793 EPS for the current fiscal year.
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.
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