Barrick Gold (TSE:ABX) (NYSE:ABX) had its price target upped by equities research analysts at JPMorgan Chase & Co. from C$17.00 to C$18.00 in a report issued on Wednesday. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 9.96% from the stock’s current price.
A number of other equities analysts have also commented on the stock. Canaccord Genuity increased their price target on shares of Barrick Gold from C$17.00 to C$17.50 in a report on Thursday, November 8th. Cormark reduced their target price on shares of Barrick Gold from C$17.00 to C$16.50 in a report on Sunday, October 14th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Barrick Gold in a report on Wednesday, September 26th.
Shares of TSE:ABX opened at C$16.37 on Wednesday. Barrick Gold has a one year low of C$12.54 and a one year high of C$19.49. The company has a quick ratio of 1.22, a current ratio of 2.65 and a debt-to-equity ratio of 53.76.
In other Barrick Gold news, insider Gregory Alan Pool Walker bought 11,656 shares of Barrick Gold stock in a transaction that occurred on Monday, December 3rd. The shares were bought at an average price of C$17.02 per share, with a total value of C$198,385.12.
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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