Barrick Gold (TSE:ABX) (NYSE:ABX)‘s stock had its “outperform” rating reiterated by Macquarie in a research note issued on Friday, BayStreet.CA reports. They currently have a C$28.50 price target on the basic materials company’s stock. Macquarie’s target price indicates a potential upside of 24.73% from the company’s current price.

A number of other research firms have also commented on ABX. Eight Capital lifted their target price on shares of Barrick Gold from C$20.00 to C$28.00 in a report on Thursday, August 8th. Canaccord Genuity lifted their target price on shares of Barrick Gold from C$19.50 to C$21.00 in a report on Friday, July 19th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a C$20.00 price target on shares of Barrick Gold in a report on Thursday, July 4th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of C$21.13.

ABX opened at C$22.85 on Friday. The company has a fifty day moving average price of C$24.05 and a two-hundred day moving average price of C$19.73. The company has a debt-to-equity ratio of 31.45, a quick ratio of 1.45 and a current ratio of 2.72. Barrick Gold has a 52 week low of C$13.03 and a 52 week high of C$26.69. The firm has a market capitalization of $40.05 billion and a PE ratio of -25.56.

Barrick Gold (TSE:ABX) (NYSE:ABX) last released its earnings results on Monday, August 12th. The basic materials company reported C$0.12 EPS for the quarter, missing analysts’ consensus estimates of C$0.13 by C($0.01). The business had revenue of C$2.76 billion for the quarter, compared to analysts’ expectations of C$2.78 billion. Equities analysts forecast that Barrick Gold will post 0.49 EPS for the current year.

In related news, Senior Officer Mark Francis Hill bought 20,373 shares of Barrick Gold stock in a transaction that occurred on Monday, August 19th. The stock was purchased at an average cost of C$24.03 per share, with a total value of C$489,563.19. Following the purchase, the insider now owns 38,826 shares in the company, valued at C$932,988.78.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Cornerstone Advisors Inc. boosted its stake in Barrick Gold by 48.7% in the 1st quarter. Cornerstone Advisors Inc. now owns 2,433 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 797 shares during the period. Synovus Financial Corp raised its holdings in shares of Barrick Gold by 152.8% in the 1st quarter. Synovus Financial Corp now owns 2,445 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 1,478 shares during the period. Edmond DE Rothschild Holding S.A. raised its holdings in shares of Barrick Gold by 0.7% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 272,425 shares of the basic materials company’s stock valued at $3,734,000 after purchasing an additional 1,925 shares during the period. Cetera Advisor Networks LLC raised its holdings in shares of Barrick Gold by 18.8% in the 1st quarter. Cetera Advisor Networks LLC now owns 15,089 shares of the basic materials company’s stock valued at $208,000 after purchasing an additional 2,387 shares during the period. Finally, Keybank National Association OH raised its holdings in shares of Barrick Gold by 22.0% in the 1st quarter. Keybank National Association OH now owns 13,580 shares of the basic materials company’s stock valued at $186,000 after purchasing an additional 2,451 shares during the period.

Barrick Gold Company Profile

Barrick Gold Corporation explores for and develops mineral properties. The company primarily explores for gold, copper, and silver deposits. It holds a 50% interest in the Veladero, a gold mine located in Argentina; 50% interest in the Kalgoorlie gold mine located in Australia; 95% interest in the Porgera 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 copper mine located in Saudi Arabia.

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Analyst Recommendations for Barrick Gold (TSE:ABX)

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