According to Bloomberg.com, the twelve analysts who follow Barrick Gold Corp. (NYSE: GOLD) (TSE: ABX) have given the stock an average rating of “Moderate Buy,” which indicates a willingness to purchase the stock shortly. The stock is traded on the New York Stock Exchange and the Toronto Stock Exchange. There are a total of six analysts who have provided the company with a buy recommendation, while there are only three analysts who have provided it with a hold recommendation. The stock has an average price objective of $23.49 for the next year, set by brokers who conducted research on the company in the year prior. This price objective is valid for the next twelve months.
Quite a few brokerage firms have shared their most recent thoughts and observations on gold in the most recent comments. In a report made public on November 21, the Royal Bank of Canada downgraded the “outperform” rating they had previously assigned to shares of Barrick Gold. It lowered its target price for those shares, bringing it from $27.00 down to $20.00. In a research report released on Friday, November 4, TD Securities lowered their price target on shares of Barrick Gold from $24.00 to $21.00 while maintaining a “buy” rating on those shares. The report was about Barrick Gold. In a report released on November 4, Raymond James lowered their price objective for Barrick Gold from $24.50 to $23.00, but the company was still given an “outperform” rating overall. Following the release of a research study on September 12, Goldman Sachs Group became the first investment firm to cover the publicly traded shares of Barrick Gold. They have a price objective of $18.00 for the stock, and the rating they gave the company is “neutral.” Stifel Nicolaus lowered their price objective on Barrick Gold from C$35.25 to C$33.00 in a report issued on Wednesday, October 19. The final and most significant adjustment was made here.
On Friday, the opening bid price for gold was set at $17.18 per ounce when trading began. Barrick Gold has seen a one-year low of $13.01 and a one-year high of $26.07. These prices represent the extremes of the company’s performance over the past year. The moving average for the company over the past 50 days is $16.18, and the moving average over the last 200 days is also $16.16. There is a price-to-earnings ratio for the stock currently trading at 16.06, a price-to-growth ratio currently trading at 10.78, and a beta value currently trading at 0.30. The company is currently valued at $30.26 billion on the market. The debt-to-equity ratio comes in at 0.16, the quick ratio comes in at 2.98, the current ratio comes in at 3.76, and the quick ratio comes in at 3.
Barrick Gold (NYSE: GOLD) (TSE: ABX) announced the outcomes of its most recent quarterly financial report on November 3, a Thursday. The copper and gold miner reported $0.13 per share for the quarter, which is $0.02 higher than the market consensus estimate of $0.11 per share, which was $0.11 per share. The sales for the company during the quarter came in at $2.53 billion, significantly lower than the $3.09 billion analysts had predicted they would be. Barrick Gold reported the following statistics for its business: a return on equity of 5.34% and a net margin of 16.39%. Profits of $0.8 per share are what equity research analysts anticipate will be realized by Barrick Gold this year. These projections were made.
In addition to this, the business just recently announced a quarterly dividend.