Barrick Gold (TSE:ABX – Free Report) (NYSE:ABX) had its target price lifted by Sanford C. Bernstein from C$31.00 to C$32.00 in a report released on Thursday morning, BayStreet.CA reports. Sanford C. Bernstein currently has an outperform rating on the basic materials company’s stock.
A number of other analysts also recently issued reports on ABX. National Bank Financial reiterated a sector perform overweight rating on shares of Barrick Gold in a report on Monday, April 8th. CIBC reiterated an outperform rating and issued a C$31.00 price target on shares of Barrick Gold in a report on Thursday, February 15th. Stifel Nicolaus reduced their price target on shares of Barrick Gold from C$30.00 to C$25.00 and set a buy rating on the stock in a report on Friday, January 26th. National Bankshares reduced their price target on shares of Barrick Gold from C$29.00 to C$28.00 and set a sector perform rating on the stock in a report on Tuesday, February 6th. Finally, TD Securities reiterated a buy rating and issued a C$29.00 price target on shares of Barrick Gold in a report on Tuesday, April 16th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of C$28.60.
Read Our Latest Analysis on ABX
Barrick Gold Stock Up 0.6 %
Barrick Gold (TSE:ABX – Get Free Report) (NYSE:ABX) last announced its quarterly earnings data on Wednesday, February 14th. The basic materials company reported C$0.37 EPS for the quarter, beating the consensus estimate of C$0.28 by C$0.09. The firm had revenue of C$4.16 billion for the quarter, compared to the consensus estimate of C$4.28 billion. Barrick Gold had a net margin of 11.16% and a return on equity of 6.17%. Sell-side analysts expect that Barrick Gold will post 1.196793 EPS for the current fiscal year.
Barrick Gold Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were issued a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.70%. Barrick Gold’s dividend payout ratio (DPR) is presently 54.55%.
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.
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