Barrick Gold (GOLD) Raised to Buy at Desjardins

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Desjardins upgraded shares of Barrick Gold (NYSE:GOLD) (TSE:ABX) from a hold rating to a buy rating in a report issued on Wednesday morning.

A number of other brokerages have also weighed in on GOLD. Jefferies Financial Group restated a hold rating and set a $14.00 price target on shares of Barrick Gold in a research note on Wednesday, December 12th. Zacks Investment Research lowered Barrick Gold from a hold rating to a sell rating in a research note on Wednesday, January 2nd. CIBC restated a sector outperform rating on shares of Barrick Gold in a research note on Thursday, January 3rd. Finally, HC Wainwright restated a buy rating and set a $5.00 price target on shares of Barrick Gold in a research note on Tuesday, March 5th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $14.82.

Shares of GOLD stock opened at $13.00 on Wednesday. Barrick Gold has a fifty-two week low of $9.53 and a fifty-two week high of $14.18. The stock has a market cap of $22.97 billion, a PE ratio of 37.14, a price-to-earnings-growth ratio of 18.23 and a beta of -0.53. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.27 and a current ratio of 2.38.

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 Zaldívar, a copper mine located in Chile; and 50% interest in the Jabal Sayid, a copper mine located in Saudi Arabia.

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Analyst Recommendations for Barrick Gold (NYSE:GOLD)

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