National Bankshares Trims Barrick Gold (TSE:ABX) Target Price to C$28.00

Barrick Gold (TSE:ABX) (NYSE:ABX) had its price target decreased by National Bankshares from C$30.00 to C$28.00 in a research note released on Friday morning, BayStreet.CA reports. National Bankshares currently has a sector perform rating on the basic materials company’s stock.

Other equities analysts also recently issued reports about the stock. Veritas Investment Research boosted their target price on shares of Barrick Gold from C$20.70 to C$25.00 in a research note on Friday, April 12th. Stifel Nicolaus dropped their target price on shares of Barrick Gold from C$30.00 to C$25.00 and set a buy rating for the company in a research note on Friday, January 26th. Sanford C. Bernstein boosted their target price on shares of Barrick Gold from C$31.00 to C$32.00 and gave the stock an outperform rating in a research note on Thursday. TD Securities reaffirmed a buy rating and issued a C$29.00 target price on shares of Barrick Gold in a research note on Tuesday, April 16th. Finally, Raymond James dropped their target price on shares of Barrick Gold from C$28.00 to C$24.00 in a research note on Friday, February 16th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of C$28.60.

Barrick Gold Stock Performance

TSE ABX opened at C$23.53 on Friday. The company has a debt-to-equity ratio of 16.32, a current ratio of 3.16 and a quick ratio of 2.62. The firm has a market capitalization of C$41.41 billion, a price-to-earnings ratio of 23.77, a P/E/G ratio of 1.94 and a beta of 0.46. The company’s fifty day moving average is C$21.59 and its two-hundred day moving average is C$22.03. Barrick Gold has a 52-week low of C$18.65 and a 52-week high of C$28.19.

Barrick Gold (TSE:ABX) (NYSE:ABX) last issued its earnings results on Wednesday, February 14th. The basic materials company reported C$0.37 earnings per share for the quarter, beating the consensus estimate of C$0.28 by C$0.09. Barrick Gold had a net margin of 11.16% and a return on equity of 6.17%. The business had revenue of C$4.16 billion for the quarter, compared to analyst estimates of C$4.28 billion. Equities research analysts forecast that Barrick Gold will post 1.196793 EPS for the current year.

Barrick Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date was Wednesday, February 28th. Barrick Gold’s dividend payout ratio is currently 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.