Barrick Gold (TSE:ABX) Given New C$24.00 Price Target at National Bankshares

Barrick Gold (TSE:ABX) (NYSE:ABX) had its price objective reduced by investment analysts at National Bankshares from C$26.00 to C$24.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the basic materials company’s stock. National Bankshares’ price objective indicates a potential upside of 5.63% from the company’s current price.

A number of other research analysts have also recently issued reports on the stock. TD Securities reissued a “buy” rating and set a C$34.00 price target on shares of Barrick Gold in a research report on Wednesday, October 16th. Sanford C. Bernstein reduced their price target on shares of Barrick Gold from C$37.00 to C$36.00 in a research report on Tuesday, November 5th. Royal Bank of Canada upped their price target on Barrick Gold to C$21.00 and gave the company a “buy” rating in a report on Friday, December 20th. UBS Group lowered shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, Cibc World Mkts cut Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$30.38.

Barrick Gold Stock Performance

Shares of TSE:ABX traded up C$0.03 during mid-day trading on Thursday, reaching C$22.72. The company had a trading volume of 931,461 shares, compared to its average volume of 3,112,518. The company has a current ratio of 3.01, a quick ratio of 2.62 and a debt-to-equity ratio of 14.54. Barrick Gold has a one year low of C$18.65 and a one year high of C$29.50. The firm has a market cap of C$39.76 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 2.34 and a beta of 0.48. The company’s 50-day moving average price is C$23.65 and its 200-day moving average price is C$25.19.

Insider Activity at Barrick Gold

In other news, Director Dennis Mark Bristow bought 85,296 shares of the stock in a transaction on Thursday, November 21st. The shares were bought at an average price of C$25.03 per share, with a total value of C$2,135,291.53. Also, Senior Officer Poupak Bahamin sold 2,500 shares of the company’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of C$24.49, for a total value of C$61,215.00. 0.60% of the stock is currently owned by corporate insiders.

About Barrick Gold

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.