Barrick Gold (NYSE:ABX) (TSE:ABX) had its target price decreased by equities research analysts at Raymond James Financial from $19.00 to $17.00 in a research note issued on Monday. The firm presently has a “market perform” rating on the basic materials company’s stock. Raymond James Financial’s price target indicates a potential upside of 39.80% from the stock’s previous close.
Other equities analysts also recently issued research reports about the company. Zacks Investment Research raised Barrick Gold from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Monday, January 8th. Royal Bank of Canada set a $21.00 target price on Barrick Gold and gave the company a “buy” rating in a research report on Monday, October 30th. Jefferies Group set a $17.00 target price on Barrick Gold and gave the company a “buy” rating in a research report on Thursday, February 15th. Credit Suisse Group reissued a “hold” rating and set a $19.00 target price on shares of Barrick Gold in a research report on Thursday, January 18th. Finally, TD Securities boosted their target price on Barrick Gold from $17.00 to $17.50 and gave the company a “hold” rating in a research report on Friday, January 12th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the company’s stock. Barrick Gold has a consensus rating of “Hold” and an average target price of $18.08.
Barrick Gold (ABX) traded down $0.02 during trading hours on Monday, reaching $12.16. The company’s stock had a trading volume of 7,326,512 shares, compared to its average volume of 13,016,038. The company has a current ratio of 2.68, a quick ratio of 1.60 and a debt-to-equity ratio of 0.58. Barrick Gold has a 1-year low of $12.11 and a 1-year high of $20.36. The company has a market cap of $14,230.00, a P/E ratio of 12.94, a price-to-earnings-growth ratio of 6.86 and a beta of -0.35.
A number of institutional investors have recently made changes to their positions in the business. First Eagle Investment Management LLC increased its holdings in shares of Barrick Gold by 1.6% in the third quarter. First Eagle Investment Management LLC now owns 35,354,891 shares of the basic materials company’s stock valued at $568,860,000 after purchasing an additional 546,654 shares during the period. Flossbach Von Storch AG lifted its holdings in Barrick Gold by 6.1% during the 4th quarter. Flossbach Von Storch AG now owns 30,419,688 shares of the basic materials company’s stock worth $440,172,000 after buying an additional 1,741,850 shares during the last quarter. TD Asset Management Inc. lifted its holdings in shares of Barrick Gold by 2.7% in the 3rd quarter. TD Asset Management Inc. now owns 10,973,196 shares of the basic materials company’s stock valued at $176,181,000 after purchasing an additional 283,770 shares during the last quarter. APG Asset Management N.V. lifted its holdings in shares of Barrick Gold by 1.1% in the 4th quarter. APG Asset Management N.V. now owns 10,320,560 shares of the basic materials company’s stock valued at $124,711,000 after purchasing an additional 113,173 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Barrick Gold by 5.6% in the 4th quarter. Bank of New York Mellon Corp now owns 7,560,535 shares of the basic materials company’s stock valued at $109,401,000 after purchasing an additional 400,097 shares during the last quarter. 54.53% of the stock is currently owned by institutional investors.
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Barrick Gold Company Profile
Barrick Gold Corporation (Barrick) is a gold mining company. The Company is principally engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. The Company’s segments include Goldstrike, Cortez, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Acacia Mining plc (Acacia), Pascua-Lama and Other Mines.
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