Barrick Gold (TSE:ABX) Stock Gets Price Target Trim from TD

Barrick Gold (TSE:ABX) (NYSE:ABX) had its target price cut by TD from C$59.00 to C$58.00 in a research note released on Tuesday morning,BayStreet reports. They currently have a buy rating on the basic materials company’s stock.

A number of other equities analysts have also recently issued reports on ABX. Canadian Imperial Bank of Commerce cut shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 15th. Barclays raised their price objective on shares of Barrick Gold from C$55.00 to C$58.00 in a report on Thursday, August 13th. National Bank Financial lifted their target price on shares of Barrick Gold from C$67.50 to C$70.00 and gave the company an “outperform” rating in a research report on Tuesday, August 11th. Canaccord Genuity Group upped their target price on shares of Barrick Gold from C$68.00 to C$73.00 and gave the company a “buy” rating in a research note on Tuesday, August 25th. Finally, Royal Bank Of Canada lowered their target price on shares of Barrick Gold from C$51.00 to C$49.00 and set an “outperform” rating on the stock in a research note on Thursday, July 9th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Barrick Gold currently has a consensus rating of “Moderate Buy” and an average price target of C$66.27.

Barrick Gold Trading Down 5.5%

Barrick Gold stock opened at C$54.08 on Tuesday. The business has a 50 day moving average price of C$59.94 and a two-hundred day moving average price of C$57.10. The company has a quick ratio of 2.62, a current ratio of 3.01 and a debt-to-equity ratio of 17.15. Barrick Gold has a 12 month low of C$43.33 and a 12 month high of C$74.00. The stock has a market cap of C$89.01 billion, a price-to-earnings ratio of 13.97, a price-to-earnings-growth ratio of 2.34 and a beta of 1.63.

Barrick Gold (TSE:ABX) (NYSE:ABX) last issued its earnings results on Monday, August 10th. The basic materials company reported C$1.17 EPS for the quarter. Barrick Gold had a return on equity of 24.57% and a net margin of 31.60%. The firm had revenue of C$6.06 billion during the quarter. As a group, equities analysts forecast that Barrick Gold will post 2.24 EPS for the current year.

Insiders Place Their Bets

In other Barrick Gold news, insider Darian Kevin Rich sold 75,452 shares of Barrick Gold stock in a transaction on Monday, August 24th. The stock was sold at an average price of C$67.99, for a total transaction of C$5,129,981.48. Following the completion of the transaction, the insider directly owned 235,252 shares of the company’s stock, valued at approximately C$15,994,783.48. This trade represents a 24.28% decrease in their ownership of the stock. Also, insider Sarah Anna Ball Teslik bought 12,613 shares of Barrick Gold stock in a transaction dated Friday, August 21st. The stock was purchased at an average price of C$67.27 per share, for a total transaction of C$848,476.51. Following the purchase, the insider directly owned 12,613 shares in the company, valued at C$848,476.51. This represents a ? increase in their position. Corporate insiders own 0.60% of the company’s stock.

About Barrick Gold

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.