Barrick Gold (TSE:ABX – Get Free Report) (NYSE:ABX)‘s stock had its “buy” rating reissued by TD Securities in a research report issued on Tuesday, Stock Target Advisor reports. They presently have a C$29.00 price target on the basic materials company’s stock. TD Securities’ price target points to a potential upside of 25.98% from the company’s current price.
Several other research analysts also recently commented on the stock. National Bankshares reduced their price target on shares of Barrick Gold from C$29.00 to C$28.00 and set a “sector perform” rating on the stock in a research note on Tuesday, February 6th. Berenberg Bank raised their price target on shares of Barrick Gold from C$29.00 to C$31.00 in a research note on Monday, April 8th. Veritas Investment Research raised their target price on shares of Barrick Gold from C$20.70 to C$25.00 in a research report on Friday, April 12th. Stifel Nicolaus cut their target price on shares of Barrick Gold from C$30.00 to C$25.00 and set a “buy” rating on the stock in a research report on Friday, January 26th. Finally, CIBC reissued an “outperform” rating and set a C$31.00 target price on shares of Barrick Gold in a research report on Thursday, February 15th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$28.10.
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Barrick Gold Trading Up 1.1 %
Barrick Gold (TSE:ABX – Get Free Report) (NYSE:ABX) last posted its quarterly earnings results on Wednesday, February 14th. The basic materials company reported C$0.37 EPS for the quarter, topping the consensus estimate of C$0.28 by C$0.09. The company had revenue of C$4.16 billion for the quarter, compared to the consensus estimate of C$4.28 billion. Barrick Gold had a net margin of 11.16% and a return on equity of 6.17%. On average, research analysts anticipate that Barrick Gold will post 1.196793 EPS for the current year.
About Barrick Gold
Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties in Canada and internationally. The company also explores and sells silver and energy materials. It has ownership interests in producing gold mines located in Argentina, Canada, Côte d'Ivoire, the Democratic Republic of Congo, the Dominican Republic, Mali, Tanzania, and the United States.
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