Barrick Gold (TSE: ABX) price target lowered to CA $ 33.00 at JPMorgan Chase & Co.
Barrick Gold (TSE: ABX) (NYSE: ABX) saw its target price lowered by equity research analysts to JPMorgan Chase & Co. from C $ 39.00 to C $ 33.00 in a report released Tuesday, BayStreet.CA reports. JPMorgan Chase & Co.The target price for the share would indicate a potential rise of 21.15% from the previous close of the share.
Other stock analysts have also recently published reports on the stock. Eight Capital lowered its target price on Barrick Gold shares from C $ 48.00 to C $ 40.00 and established a “buy” rating for the company in a research note on Tuesday, April 20. Canaccord Genuity restated a “sector performance” rating and issued a price target of C $ 40.00 (vs. $ 42.00 previously) on Barrick Gold shares in a research report on Tuesday, February 9. Raymond James reiterated an “outperform” rating and issued a price target of C $ 36.00 on Barrick Gold shares in a research report on Friday April 16. National Bank Financial Upgraded Barrick Gold from “Sector Performance” to “Outperform” and Lowered its Share Price Target from Cdn $ 43.00 to Cdn $ 40.00 in a Report from Sunday January 17. Ultimately, TD Securities reissued a “buy on share list” rating and issued a C $ 30.00 price target for Barrick Gold shares in a research note on Wednesday March 3. Two research analysts rated the stock with a maintenance rating, three assigned a buy rating and one issued a strong buy rating for the company’s stock. Barrick Gold currently has an average rating of “Buy” and an average price target of C $ 36.50.
IS: ABX traded down C $ 0.22 during Tuesday trading hours, reaching C $ 27.24. 1,059,270 shares of the company traded in the hands, for an average volume of 4,450,027. The stock has a market capitalization of C $ 48.44 billion and a price / earnings ratio of 16.70. The company has a current ratio of 3.67, a quick ratio of 2.68 and a debt ratio of 16.92. The company has a 50-day moving average of C $ 26.17 and a 200-day moving average of C $ 29.53. Barrick Gold has a 12-month minimum of C $ 23.63 and a 12-month maximum of C $ 41.09.
Barrick Gold (TSE: ABX) (NYSE: ABX) last reported its results on Thursday, February 18. The basic materials company reported earnings per share of C $ 0.46 for the quarter, beating the Thomson Reuters consensus estimate of C $ 0.40 per C $ 0.06. The company reported sales of C $ 4.27 billion in the quarter, compared to a consensus estimate of C $ 4.10 billion. Equity research analysts forecast Barrick Gold to post earnings per share of 0.49 for the current fiscal year.
In addition, director John Lawson Thornton bought 100,000 shares of the title in a transaction dated Thursday, February 25. The stock was purchased at an average price of C $ 26.26 per share, for a total transaction of C $ 2,625,955.20. Following the purchase, the director now directly owns 1,775,451 shares of the company, valued at approximately C $ 46,622,547.86.
About Barrick Gold
Barrick Gold Corporation is engaged in the exploration, mining development, production and sale of gold and copper properties. It has interests in the production of gold mines located in Argentina, Canada, Ivory Coast, Democratic Republic of Congo, Dominican Republic, Mali, Papua New Guinea, Tanzania and the States -United.
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