Barrick Gold (NYSE:GOLD) (TSE:ABX) had its price objective lifted by HC Wainwright from $5.00 to $5.75 in a report published on Monday, Stock Target Advisor reports. HC Wainwright currently has a buy rating on the basic materials company’s stock.
A number of other brokerages also recently weighed in on GOLD. ValuEngine downgraded shares of Barrick Gold from a buy rating to a hold rating in a research report on Monday, April 29th. Citigroup downgraded shares of Barrick Gold to a neutral rating in a research report on Thursday, May 23rd. BMO Capital Markets upgraded shares of Barrick Gold to an outperform rating and increased their price target for the company from $14.50 to $20.00 in a research report on Wednesday, July 3rd. Finally, Barclays downgraded shares of Barrick Gold from an overweight rating to an equal weight rating and increased their price target for the company from $15.00 to $18.00 in a research report on Tuesday, July 16th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $15.52.
Shares of NYSE:GOLD opened at $18.64 on Monday. The firm has a market cap of $32.59 billion, a P/E ratio of 53.26, a price-to-earnings-growth ratio of 18.77 and a beta of -0.24. The company has a 50 day moving average price of $17.18. The company has a quick ratio of 1.63, a current ratio of 2.72 and a debt-to-equity ratio of 0.30. Barrick Gold has a fifty-two week low of $9.53 and a fifty-two week high of $18.77.
About Barrick Gold
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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