Analysts Set Barrick Gold Corp (GOLD) PT at $14.27

Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) has received an average recommendation of “Hold” from the nineteen brokerages that are covering the company, 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 (NYSE:GOLD) (TSE:ABX) last released its earnings results on Wednesday, February 13th. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.06. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.94 billion. Barrick Gold had a negative net margin of 21.33% and a positive return on equity of 3.85%. As a group, research analysts predict that Barrick Gold will post 0.34 EPS for the current fiscal year.

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 Zaldívar, a copper mine located in Chile; and 50% interest in the Jabal Sayid, a copper mine located in Saudi Arabia.

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Analyst Recommendations for Barrick Gold (NYSE:GOLD)

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