Brokerages Set Barrick Gold Co. (TSE:ABX) Target Price at C$30.17

Shares of Barrick Gold Co. (TSE:ABX) (NYSE:ABX) have been assigned a consensus recommendation of “Moderate Buy” from the eleven research firms that are presently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$30.73.

ABX has been the subject of several research reports. TD Cowen reissued a “buy” rating and issued a C$36.00 price target on shares of Barrick Gold in a research report on Tuesday, January 14th. Stifel Nicolaus reduced their price target on shares of Barrick Gold from C$33.50 to C$32.00 in a research report on Monday, December 2nd. Cibc World Mkts downgraded shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th. Scotiabank downgraded shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st. Finally, Sanford C. Bernstein reduced their price target on shares of Barrick Gold from C$37.00 to C$36.00 in a research report on Tuesday, November 5th.

Insiders Place Their Bets

In other news, Senior Officer Poupak Bahamin sold 2,500 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of C$24.49, for a total transaction of C$61,215.00. Insiders own 0.60% of the company’s stock.

Barrick Gold Stock Performance

TSE:ABX opened at C$26.05 on Friday. The company has a fifty day moving average of C$23.51 and a 200-day moving average of C$25.25. The firm has a market capitalization of C$31.66 billion, a P/E ratio of 19.61, a P/E/G ratio of 2.34 and a beta of 0.48. 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 twelve month low of C$19.37 and a twelve month high of C$29.50.

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.