Analysts Set Barrick Gold Corp (GOLD) PT at $13.88

Shares of Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) have been given an average recommendation of “Hold” by the seventeen ratings firms that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $13.88.

Several research firms have weighed in on GOLD. Deutsche Bank raised Barrick Gold from a “hold” rating to a “buy” rating and upped their target price for the company from $12.75 to $15.00 in a report on Wednesday, April 10th. Desjardins raised Barrick Gold from a “hold” rating to a “buy” rating in a report on Wednesday, March 13th. CIBC reissued a “sector outperform” rating on shares of Barrick Gold in a report on Thursday, January 3rd. HC Wainwright reissued a “buy” rating and issued a $5.00 target price on shares of Barrick Gold in a report on Tuesday, March 5th. Finally, ValuEngine lowered Barrick Gold from a “buy” rating to a “hold” rating in a report on Monday.

NYSE:GOLD opened at $12.51 on Tuesday. The firm has a market capitalization of $21.95 billion, a price-to-earnings ratio of 35.74, a price-to-earnings-growth ratio of 16.57 and a beta of -0.55. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.38 and a quick ratio of 1.27. Barrick Gold has a 1 year low of $9.53 and a 1 year high of $14.54.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last released its quarterly earnings data on Wednesday, February 13th. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.06. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Barrick Gold had a positive return on equity of 3.85% and a negative net margin of 21.33%. As a group, sell-side analysts anticipate that Barrick Gold will post 0.38 EPS for the current year.

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.

Read More: Understanding Specialty Certificates of Deposit

Analyst Recommendations for Barrick Gold (NYSE:GOLD)

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's FREE daily email newsletter.