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 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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