Analysts Set Barrick Gold Co. (TSE:ABX) PT at C$76.78

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) has been given a consensus recommendation of “Buy” by the twelve research firms that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and five have given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$76.78.

ABX has been the topic of a number of research reports. JPMorgan Chase & Co. decreased their price objective on Barrick Gold from C$91.00 to C$79.00 in a report on Thursday, April 23rd. Canaccord Genuity Group decreased their price objective on Barrick Gold from C$80.00 to C$77.00 in a report on Wednesday, February 18th. Sanford C. Bernstein lifted their price target on Barrick Gold from C$86.00 to C$91.00 in a research note on Monday, April 20th. National Bank Financial lifted their price target on Barrick Gold from C$72.50 to C$75.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 12th. Finally, BMO Capital Markets lifted their price target on Barrick Gold from C$55.00 to C$65.00 in a research note on Wednesday, April 22nd.

Barrick Gold Stock Performance

Shares of TSE ABX opened at C$56.25 on Tuesday. The stock has a market cap of C$94.25 billion, a price-to-earnings ratio of 15.54, a P/E/G ratio of 2.34 and a beta of 1.50. The company has a current ratio of 3.06, a quick ratio of 2.62 and a debt-to-equity ratio of 17.29. Barrick Gold has a 1-year low of C$27.89 and a 1-year high of C$74.00. The stock’s 50-day moving average is C$57.27 and its 200 day moving average is C$60.38.

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

Insider Buying and Selling

In related news, Director Mark Francis Hill sold 88,000 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of C$57.85, for a total transaction of C$5,090,800.00. Following the completion of the transaction, the director owned 380,598 shares in the company, valued at C$22,017,594.30. This represents a 18.78% decrease in their ownership of the stock. Also, Director Robert Ananda Paul Samek bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were acquired at an average price of C$55.06 per share, with a total value of C$550,600.00. Following the acquisition, the director owned 18,900 shares of the company’s stock, valued at C$1,040,634. This represents a 112.36% increase in their ownership of the stock. 0.60% of the stock is owned by insiders.

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.