Barrick Gold Co. (TSE:ABX) Receives C$30.38 Average PT from Analysts

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) has received a consensus rating of “Moderate Buy” from the twelve ratings firms that are currently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$30.38.

Several research analysts recently weighed in on ABX shares. TD Securities reaffirmed a “buy” rating and issued a C$34.00 target price on shares of Barrick Gold in a research report on Wednesday, October 16th. Stifel Nicolaus lowered their price objective on Barrick Gold from C$33.50 to C$32.00 in a research note on Monday, December 2nd. Scotiabank lowered Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Sanford C. Bernstein lowered their price objective on Barrick Gold from C$37.00 to C$36.00 in a research note on Tuesday, November 5th. Finally, National Bankshares decreased their price target on Barrick Gold from C$26.00 to C$24.00 and set a “sector perform” rating for the company in a research note on Thursday, January 16th.

Barrick Gold Stock Performance

TSE:ABX opened at C$23.15 on Wednesday. Barrick Gold has a 1-year low of C$18.65 and a 1-year high of C$29.50. The firm has a 50 day simple moving average of C$23.41 and a 200-day simple moving average of C$25.20. The firm has a market cap of C$40.51 billion, a PE ratio of 19.45, a P/E/G ratio of 2.34 and a beta of 0.48. The company has a debt-to-equity ratio of 14.54, a current ratio of 3.01 and a quick ratio of 2.62.

Barrick Gold (TSE:ABX) (NYSE:ABX) last issued its quarterly earnings results on Thursday, November 7th. The basic materials company reported C$0.42 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.45 by C($0.03). Barrick Gold had a return on equity of 7.20% and a net margin of 12.78%. During the same period in the previous year, the business posted $0.32 EPS. On average, equities analysts expect that Barrick Gold will post 2.2422764 EPS for the current year.

Barrick Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors 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 2.33%. Barrick Gold’s payout ratio is 45.38%.

Insider Buying and Selling at Barrick Gold

In related news, Director Dennis Mark Bristow acquired 85,296 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was acquired 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 business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of C$24.49, for a total value of C$61,215.00. Corporate 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.