Stifel Canada Upgrades Barrick Gold (TSE:ABX) to Strong-Buy

Barrick Gold (TSE:ABX) (NYSE:ABX) was upgraded by research analysts at Stifel Canada to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports. Stifel Canada also issued estimates for Barrick Gold’s FY2028 earnings at $2.06 EPS.

Several other research firms also recently commented on ABX. Canaccord Genuity Group dropped their price objective on shares of Barrick Gold from C$33.50 to C$30.00 in a report on Wednesday, January 15th. Scotiabank lowered Barrick Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 21st. Royal Bank of Canada lifted their price objective on Barrick Gold to C$19.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. TD Cowen reiterated a “buy” rating and set a C$36.00 target price on shares of Barrick Gold in a research report on Tuesday, January 14th. Finally, National Bankshares boosted their price target on shares of Barrick Gold from C$27.00 to C$33.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, Barrick Gold currently has a consensus rating of “Buy” and a consensus target price of C$31.55.

Barrick Gold Price Performance

ABX stock opened at C$27.81 on Wednesday. The company has a market capitalization of C$33.80 billion, a PE ratio of 20.94, a price-to-earnings-growth ratio of 2.34 and a beta of 0.48. The company’s fifty day moving average price is C$24.93 and its 200-day moving average price is C$25.41. Barrick Gold has a one year low of C$20.65 and a one year high of C$29.50. The company has a debt-to-equity ratio of 19.83, a quick ratio of 2.62 and a current ratio of 2.65.

Insider Transactions at Barrick Gold

In other Barrick Gold news, Director Dennis Mark Bristow acquired 230,872 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The stock was bought at an average price of C$25.71 per share, for a total transaction of C$5,936,042.34. Also, Senior Officer Poupak Bahamin sold 17,633 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of C$25.96, for a total value of C$457,781.77. Company insiders own 0.60% of the company’s stock.

About Barrick Gold

Barrick Gold Corp is one of the world’s largest gold producers, operating mines in North America, South America, Australia, and Africa. The company segments consist of nine gold mines namely Carlin, Cortez, Turquoise Ridge, Pueblo Viejo, Loulo-Gounkoto, Kibali, Veladero, North Mara, and Bulyanhulu. It generates maximum revenue from the Carlin mine segment.