Barrick Gold (TSE:ABX) PT Lowered to C$34.00 at Raymond James

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Barrick Gold (TSE:ABX) (NYSE:ABX) had its price objective reduced by equities research analysts at Raymond James to C$34.00 in a research report issued on Tuesday, Stock Target Advisor reports. The firm currently has an “outperform” rating on the basic materials company’s stock. Raymond James’ target price would suggest a potential upside of 34.02% from the stock’s previous close.

ABX has been the subject of several other research reports. National Bank Financial upgraded Barrick Gold from a “sector perform” rating to an “outperform” rating and lowered their price objective for the company from C$43.00 to C$40.00 in a research report on Sunday, January 17th. Canaccord Genuity reiterated a “sector perform” rating and issued a C$40.00 price objective (down previously from C$42.00) on shares of Barrick Gold in a research report on Tuesday, February 9th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a C$42.00 price objective on shares of Barrick Gold in a research report on Wednesday, February 10th.

ABX traded down C$0.61 during midday trading on Tuesday, hitting C$25.37. The stock had a trading volume of 3,756,356 shares, compared to its average volume of 4,487,613. The company has a market cap of C$45.11 billion and a P/E ratio of 14.86. The business has a fifty day moving average of C$28.91 and a 200 day moving average of C$33.31. The company has a debt-to-equity ratio of 16.31, a quick ratio of 3.00 and a current ratio of 4.49. Barrick Gold has a 1 year low of C$17.52 and a 1 year high of C$41.09.

Barrick Gold Company Profile

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, the Dominican Republic, Mali, Papua New Guinea, Tanzania, and the United States.

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