Stifel Nicolaus Lowers Barrick Gold (TSE:ABX) Price Target to C$32.00

Barrick Gold (TSE:ABXGet Free Report) (NYSE:ABX) had its price objective cut by research analysts at Stifel Nicolaus from C$33.50 to C$32.00 in a research note issued on Monday,BayStreet.CA reports. Stifel Nicolaus’ target price indicates a potential upside of 31.31% from the company’s previous close.

Other analysts have also issued research reports about the stock. UBS Group lowered shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th. TD Securities reissued a “buy” rating and issued a C$34.00 price target on shares of Barrick Gold in a report on Wednesday, October 16th. Sanford C. Bernstein lowered their target price on shares of Barrick Gold from C$37.00 to C$36.00 in a report on Tuesday, November 5th. Argus raised shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 29th. Finally, Cibc World Mkts lowered shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$31.00.

View Our Latest Stock Report on Barrick Gold

Barrick Gold Price Performance

Shares of TSE ABX traded down C$0.15 during mid-day trading on Monday, hitting C$24.37. 611,434 shares of the stock were exchanged, compared to its average volume of 3,565,352. The company has a market cap of C$42.65 billion, a P/E ratio of 20.48, a PEG ratio of 2.34 and a beta of 0.48. The stock’s fifty day simple moving average is C$26.51 and its two-hundred day simple moving average is C$25.24. The company has a debt-to-equity ratio of 14.54, a quick ratio of 2.62 and a current ratio of 3.01. Barrick Gold has a twelve month low of C$18.65 and a twelve month high of C$29.50.

Insiders Place Their Bets

In related news, Senior Officer Poupak Bahamin sold 2,500 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of C$24.49, for a total value of C$61,215.00. Also, Director Christopher Lewis Coleman sold 121,334 shares of the company’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of C$28.10, for a total transaction of C$3,409,485.40. Insiders have sold 143,834 shares of company stock valued at $4,017,999 in the last three months. 0.60% of the stock is currently owned by corporate insiders.

Barrick Gold Company Profile

(Get Free Report)

Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties in Canada and internationally. The company also explores and sells silver and energy materials. It has ownership interests in producing gold mines located in Argentina, Canada, Côte d’Ivoire, the Democratic Republic of Congo, the Dominican Republic, Mali, Tanzania, and the United States.

Featured Stories

Analyst Recommendations for Barrick Gold (TSE: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.