Barrick Gold (TSE:ABX) Price Target Raised to C$21.00 at Royal Bank of Canada

Barrick Gold (TSE:ABX) (NYSE:ABX) had its target price upped by Royal Bank of Canada to C$21.00 in a research report report published on Friday,Stock Target Advisor reports. They currently have a buy rating on the basic materials company’s stock.

ABX has been the subject of a number of other reports. Argus raised shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 29th. TD Securities reissued a “buy” rating and issued a C$34.00 target price on shares of Barrick Gold in a report on Wednesday, October 16th. Stifel Nicolaus dropped their price target on Barrick Gold from C$33.50 to C$32.00 in a research note on Monday, December 2nd. UBS Group lowered Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Finally, Cibc World Mkts downgraded Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$30.17.

Barrick Gold Stock Up 1.4 %

ABX stock opened at C$22.22 on Friday. The company’s 50 day moving average is C$25.43 and its two-hundred day moving average is C$25.25. Barrick Gold has a twelve month low of C$18.65 and a twelve month high of C$29.50. The company has a current ratio of 3.01, a quick ratio of 2.62 and a debt-to-equity ratio of 14.54. The stock has a market cap of C$38.89 billion, a P/E ratio of 18.67, a PEG ratio of 2.34 and a beta of 0.48.

Barrick Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were given a dividend of $0.135 per share. The ex-dividend date was Friday, November 29th. This represents a $0.54 dividend on an annualized basis and a yield of 2.43%. Barrick Gold’s payout ratio is currently 45.38%.

Insider Transactions at Barrick Gold

In other news, Senior Officer Poupak Bahamin sold 2,500 shares of the company’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of C$24.49, for a total transaction of C$61,215.00. Also, Director Christopher Lewis Coleman sold 121,334 shares of the firm’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of C$28.10, for a total transaction of C$3,409,485.40. Company insiders own 0.60% of the company’s stock.

About Barrick Gold

Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties in Canada and internationally. The company also explores and sells silver and energy materials. It has ownership interests in producing gold mines located in Argentina, Canada, Côte d’Ivoire, the Democratic Republic of Congo, the Dominican Republic, Mali, Tanzania, and the United States.