Barrick Gold Corp (NYSE:GOLD) Given Average Recommendation of “Hold” by Brokerages
Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) has earned an average recommendation of “Hold” from the sixteen analysts that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $14.95.
A number of equities analysts have recently issued reports on GOLD shares. BMO Capital Markets upgraded shares of Barrick Gold to an “outperform” rating and increased their price objective for the company from $14.50 to $20.00 in a research note on Wednesday, July 3rd. ValuEngine cut shares of Barrick Gold from a “buy” rating to a “hold” rating in a research note on Monday, April 29th. Citigroup cut shares of Barrick Gold to a “neutral” rating in a research note on Thursday, May 23rd. Finally, Barclays cut shares of Barrick Gold from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $15.00 to $18.00 in a research note on Tuesday, July 16th.
Shares of GOLD stock traded up $0.21 during mid-day trading on Thursday, reaching $18.39. The company’s stock had a trading volume of 13,566,000 shares, compared to its average volume of 15,444,231. Barrick Gold has a 1-year low of $9.53 and a 1-year high of $18.66. The company has a market capitalization of $32.07 billion, a P/E ratio of 52.54, a P/E/G ratio of 19.41 and a beta of -0.24. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.47 and a current ratio of 2.46. The firm’s 50-day moving average is $16.83.
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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