Veritas Investment Research Increases Barrick Gold (TSE:ABX) Price Target to C$25.00

Barrick Gold (TSE:ABX) (NYSE:ABX) had its price objective increased by equities research analysts at Veritas Investment Research to C$25.00 in a report released on Friday, Stock Target Advisor reports. Veritas Investment Research’s price objective would suggest a potential downside of 0.12% from the company’s current price.

Other equities analysts have also issued reports about the stock. National Bankshares lowered 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 report on Tuesday, February 6th. Raymond James cut their price target on Barrick Gold from C$28.00 to C$24.00 in a report on Friday, February 16th. Stifel Nicolaus lowered their price objective on Barrick Gold from C$30.00 to C$25.00 and set a “buy” rating on the stock in a research note on Friday, January 26th. Sanford C. Bernstein cut their price target on shares of Barrick Gold from C$30.00 to C$29.00 and set an “outperform” rating for the company in a report on Thursday, January 25th. Finally, Berenberg Bank boosted their price objective on shares of Barrick Gold from C$29.00 to C$31.00 in a report on Monday. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Barrick Gold currently has an average rating of “Moderate Buy” and an average target price of C$28.65.

Barrick Gold Price Performance

Shares of Barrick Gold stock traded up C$0.36 during mid-day trading on Friday, reaching C$25.03. 3,430,298 shares of the stock traded hands, compared to its average volume of 3,310,437. The company has a quick ratio of 2.62, a current ratio of 3.16 and a debt-to-equity ratio of 16.32. The business has a 50-day moving average of C$21.19 and a 200 day moving average of C$21.84. The stock has a market capitalization of C$44.05 billion, a PE ratio of 25.49, a PEG ratio of 1.94 and a beta of 0.41. Barrick Gold has a fifty-two week low of C$18.65 and a fifty-two week high of C$28.19.

Barrick Gold (TSE:ABX) (NYSE:ABX) last announced its quarterly earnings data on Wednesday, February 14th. The basic materials company reported C$0.37 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.28 by C$0.09. Barrick Gold had a return on equity of 6.17% and a net margin of 11.16%. The company had revenue of C$4.16 billion for the quarter, compared to analyst estimates of C$4.28 billion. On average, analysts predict that Barrick Gold will post 1.2363083 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.