Barrick Gold (TSE:ABX) Price Target Cut to C$24.00 by Analysts at National Bankshares

Barrick Gold (TSE:ABX) (NYSE:ABX) had its target price cut by National Bankshares from C$26.00 to C$24.00 in a research report released on Thursday morning,BayStreet.CA reports. They currently have a sector perform rating on the basic materials company’s stock.

Several other analysts have also recently weighed in on ABX. Stifel Nicolaus dropped their price objective on Barrick Gold from C$33.50 to C$32.00 in a report on Monday, December 2nd. Royal Bank of Canada boosted their target price on Barrick Gold to C$21.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. UBS Group lowered Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Canaccord Genuity Group decreased their target price on Barrick Gold from C$33.50 to C$30.00 in a research report on Wednesday. Finally, Sanford C. Bernstein decreased their target price on Barrick Gold from C$37.00 to C$36.00 in a research report on Tuesday, November 5th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$30.38.

Barrick Gold Stock Performance

Shares of TSE:ABX opened at C$23.14 on Thursday. The stock has a market capitalization of C$40.50 billion, a P/E ratio of 19.45, a P/E/G ratio of 2.34 and a beta of 0.48. Barrick Gold has a 1-year low of C$18.65 and a 1-year 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 business has a 50-day moving average price of C$23.48 and a two-hundred day moving average price of C$25.20.

Barrick Gold Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were given a $0.135 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.54 annualized dividend and a dividend yield of 2.33%. Barrick Gold’s dividend payout ratio is presently 45.38%.

Insider Activity at Barrick Gold

In other news, Director Dennis Mark Bristow purchased 85,296 shares of Barrick Gold stock in a transaction on Thursday, November 21st. The stock was purchased at an average price of C$25.03 per share, with a total value of C$2,135,291.53. Also, Senior Officer Poupak Bahamin sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of C$24.49, for a total value of C$61,215.00. 0.60% of the stock is owned by insiders.

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.