Barrick Gold (NYSE:ABX) (TSE:ABX) had its target price dropped by equities research analysts at JPMorgan Chase & Co. from $15.50 to $13.00 in a report released on Monday, Stock Target Advisor reports. The firm currently has a “neutral” rating on the basic materials company’s stock. JPMorgan Chase & Co.’s price target would indicate a potential upside of 25.60% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. Citigroup raised Barrick Gold from a “sell” rating to a “neutral” rating and set a $11.00 target price for the company in a research report on Tuesday, August 28th. Jefferies Financial Group downgraded Barrick Gold from a “buy” rating to a “hold” rating and decreased their target price for the stock from $17.00 to $11.00 in a research report on Monday, August 6th. TD Securities set a $14.00 target price on Barrick Gold and gave the stock a “hold” rating in a research report on Monday, July 30th. Royal Bank of Canada downgraded Barrick Gold from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $16.00 to $14.00 in a research report on Monday, July 30th. Finally, Scotiabank reaffirmed a “hold” rating and issued a $16.00 target price on shares of Barrick Gold in a research report on Friday, July 27th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $15.00.

ABX stock opened at $10.35 on Monday. Barrick Gold has a 12-month low of $9.53 and a 12-month high of $17.14. The company has a quick ratio of 1.22, a current ratio of 2.12 and a debt-to-equity ratio of 0.51. The stock has a market cap of $11.80 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 8.27 and a beta of -0.37.

Barrick Gold (NYSE:ABX) (TSE:ABX) last posted its quarterly earnings results on Wednesday, July 25th. The basic materials company reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.05). Barrick Gold had a negative net margin of 3.38% and a positive return on equity of 6.13%. The firm had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same period last year, the firm posted $0.22 EPS. Barrick Gold’s revenue was down 20.7% on a year-over-year basis. research analysts anticipate that Barrick Gold will post 0.61 earnings per share for the current year.

Several large investors have recently added to or reduced their stakes in the stock. Alps Advisors Inc. lifted its stake in shares of Barrick Gold by 0.8% in the second quarter. Alps Advisors Inc. now owns 596,422 shares of the basic materials company’s stock worth $7,831,000 after acquiring an additional 4,698 shares in the last quarter. Wedbush Securities Inc. lifted its stake in shares of Barrick Gold by 30.9% in the second quarter. Wedbush Securities Inc. now owns 25,246 shares of the basic materials company’s stock worth $331,000 after acquiring an additional 5,958 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Barrick Gold by 14.0% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 61,740 shares of the basic materials company’s stock worth $811,000 after acquiring an additional 7,586 shares in the last quarter. 10 15 Associates Inc. lifted its stake in shares of Barrick Gold by 2.2% in the first quarter. 10 15 Associates Inc. now owns 363,770 shares of the basic materials company’s stock worth $4,529,000 after acquiring an additional 7,977 shares in the last quarter. Finally, Kovack Advisors Inc. lifted its stake in shares of Barrick Gold by 43.7% in the first quarter. Kovack Advisors Inc. now owns 26,797 shares of the basic materials company’s stock worth $334,000 after acquiring an additional 8,152 shares in the last quarter. Institutional investors and hedge funds own 52.66% of the company’s stock.

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.

Featured Article: How Do Tariffs Affect Trade Balances?

Stock Target Advisor

Analyst Recommendations for Barrick Gold (NYSE:ABX)

Receive News & Ratings for Barrick Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barrick Gold and related companies with MarketBeat.com's FREE daily email newsletter.