Barrick Gold (NYSE:GOLD) (TSE:ABX) had its price objective raised by HC Wainwright from $5.00 to $5.75 in a report published on Monday morning, Stock Target Advisor reports. HC Wainwright currently has a buy rating on the basic materials company’s stock.
Several other equities research analysts also recently issued reports on the company. Citigroup downgraded Barrick Gold to a neutral rating in a report on Thursday, May 23rd. Barclays downgraded Barrick Gold from an overweight rating to an equal weight rating and raised their price target for the company from $15.00 to $18.00 in a report on Tuesday, July 16th. BMO Capital Markets raised Barrick Gold to an outperform rating and raised their price target for the company from $14.50 to $20.00 in a report on Wednesday, July 3rd. Finally, ValuEngine downgraded Barrick Gold from a buy rating to a hold rating in a report on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $15.52.
Shares of Barrick Gold stock opened at $18.64 on Monday. The firm’s fifty day simple moving average is $17.18. Barrick Gold has a 1 year low of $9.53 and a 1 year high of $18.77. The firm has a market cap of $32.59 billion, a P/E ratio of 53.26, a price-to-earnings-growth ratio of 18.77 and a beta of -0.24. The company has a quick ratio of 1.63, a current ratio of 2.72 and a debt-to-equity ratio of 0.30.
Barrick Gold Company Profile
Barrick Gold Corporation engages in the exploration and development of mineral properties. It primarily explores for gold and copper deposits. The company holds a 50% interest in the Veladero mine located in the San Juan Province of Argentina; 50% interest in the KCGM, a gold mine located in Australia; 95% interest in Porgera, a gold mine located in Papua New Guinea; 50% interest in the ZaldÃvar, a copper mine located in Chile; and 50% interest in the Jabal Sayid, a copper mine located in Saudi Arabia.
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