Barrick Gold (TSE:ABX – Get Free Report) (NYSE:ABX) had its price target boosted by equities research analysts at Canaccord Genuity Group from C$27.00 to C$30.00 in a report issued on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s price target indicates a potential upside of 32.57% from the company’s current price.
A number of other equities research analysts also recently commented on ABX. Sanford C. Bernstein upped their price objective on Barrick Gold from C$31.00 to C$32.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. Berenberg Bank boosted their target price on Barrick Gold from C$29.00 to C$31.00 in a research report on Monday, April 8th. Eight Capital increased their price target on shares of Barrick Gold from C$32.00 to C$36.00 and gave the company a “buy” rating in a research report on Monday. National Bankshares decreased their price objective on shares of Barrick Gold from C$30.00 to C$28.00 and set a “sector perform” rating for the company in a report on Friday, April 19th. Finally, TD Securities reaffirmed a “buy” rating and issued a C$29.00 target price on shares of Barrick Gold in a research note on Tuesday, April 16th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$29.27.
Read Our Latest Stock Analysis on Barrick Gold
Barrick Gold Trading Down 0.7 %
Barrick Gold (TSE:ABX – Get Free Report) (NYSE:ABX) last released its earnings results on Wednesday, February 14th. The basic materials company reported C$0.37 EPS for the quarter, topping analysts’ consensus estimates of C$0.28 by C$0.09. The firm had revenue of C$4.16 billion during the quarter, compared to analyst estimates of C$4.28 billion. Barrick Gold had a net margin of 11.16% and a return on equity of 6.17%. On average, sell-side analysts anticipate that Barrick Gold will post 1.196793 earnings per share 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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