Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) has received an average recommendation of “Hold” from the nineteen brokerages that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $14.27.
A number of research firms have issued reports on GOLD. Deutsche Bank upgraded shares of Barrick Gold from a “hold” rating to a “buy” rating and increased their target price for the stock from $12.75 to $15.00 in a report on Wednesday. Zacks Investment Research lowered shares of Barrick Gold from a “hold” rating to a “sell” rating in a report on Wednesday, January 2nd. HC Wainwright reiterated a “buy” rating and set a $5.00 target price on shares of Barrick Gold in a report on Tuesday, March 5th. Desjardins reissued an “average” rating and issued a $22.00 price objective on shares of Barrick Gold in a research report on Monday, January 7th. Finally, CIBC reissued a “sector outperform” rating on shares of Barrick Gold in a research report on Thursday, January 3rd.
Shares of GOLD stock traded down $0.02 during trading hours on Friday, hitting $13.43. The company had a trading volume of 613,875 shares, compared to its average volume of 14,582,866. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.27 and a current ratio of 2.38. Barrick Gold has a fifty-two week low of $9.53 and a fifty-two week high of $14.54. The firm has a market cap of $23.56 billion, a P/E ratio of 38.41, a P/E/G ratio of 19.70 and a beta of -0.52.
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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