Barrick Gold (TSE:ABX) (NYSE:ABX) had its target price boosted by research analysts at Raymond James from C$26.00 to C$27.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the basic materials company’s stock. Raymond James’ price objective suggests a potential upside of 3.01% from the stock’s previous close.
Several other equities research analysts also recently issued reports on the stock. National Bankshares raised their target price on shares of Barrick Gold from C$29.00 to C$30.00 and gave the company a “sector perform” rating in a research note on Friday, January 21st. UBS Group reiterated a “buy” rating and issued a C$25.00 target price on shares of Barrick Gold in a research note on Friday, October 15th. National Bank Financial raised their target price on shares of Barrick Gold to C$30.00 and gave the company a “sector perform” rating in a research note on Friday, January 21st. Finally, cut their target price on shares of Barrick Gold from C$32.00 to C$31.00 in a research note on Wednesday, November 17th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Barrick Gold presently has an average rating of “Buy” and an average target price of C$31.46.
Shares of Barrick Gold stock traded up C$1.64 during trading hours on Friday, reaching C$26.21. 3,297,718 shares of the company’s stock were exchanged, compared to its average volume of 3,480,098. Barrick Gold has a fifty-two week low of C$22.30 and a fifty-two week high of C$30.65. The stock has a market cap of C$46.64 billion and a P/E ratio of 18.33. The company has a 50 day moving average of C$23.85 and a two-hundred day moving average of C$24.34. The company has a current ratio of 4.05, a quick ratio of 2.85 and a debt-to-equity ratio of 16.06.
In other Barrick Gold news, Senior Officer Mark Francis Hill bought 60,018 shares of the stock in a transaction dated Friday, November 19th. The shares were bought at an average cost of C$25.95 per share, with a total value of C$1,557,467.10. Following the completion of the acquisition, the insider now owns 131,570 shares of the company’s stock, valued at C$3,414,241.50.
About Barrick Gold
Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties. It has ownership interests in producing gold mines that are located in Argentina, Canada, Côte d’Ivoire, the Democratic Republic of Congo, Dominican Republic, Mali, Tanzania, and the United States.