Barrick Gold (TSE:ABX) Price Target Raised to C$19.00 at Royal Bank of Canada

Barrick Gold (TSE:ABX) (NYSE:ABX) had its price target raised by Royal Bank of Canada to C$19.00 in a research note published on Wednesday,Stock Target Advisor reports. Royal Bank of Canada currently has a buy rating on the basic materials company’s stock.

Other equities analysts have also issued reports about the stock. Sanford C. Bernstein cut their price target on shares of Barrick Gold from C$37.00 to C$36.00 in a report on Tuesday, November 5th. TD Securities reaffirmed a “buy” rating and issued a C$34.00 price target on shares of Barrick Gold in a report on Wednesday, October 16th. UBS Group lowered shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th. Scotiabank lowered shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st. Finally, TD Cowen reissued a “buy” rating and set a C$36.00 price objective on shares of Barrick Gold in a report on Tuesday, January 14th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$30.23.

Barrick Gold Price Performance

TSE ABX opened at C$25.97 on Wednesday. The firm’s fifty day simple moving average is C$23.22 and its two-hundred day simple moving average is C$25.22. The company has a current ratio of 3.01, a quick ratio of 2.62 and a debt-to-equity ratio of 14.54. Barrick Gold has a 12-month low of C$18.65 and a 12-month high of C$29.50. The firm has a market capitalization of C$45.45 billion, a P/E ratio of 21.82, 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 company’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. Also, Director Dennis Mark Bristow acquired 85,296 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was purchased at an average price of C$25.03 per share, with a total value of C$2,135,291.53. 0.60% of the stock is currently owned by insiders.

Barrick Gold Company Profile

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.