Stifel Nicolaus Boosts Barrick Gold (TSE:ABX) Price Target to C$27.00

Barrick Gold (TSE:ABX) (NYSE:ABX) had its price objective upped by Stifel Nicolaus from C$25.00 to C$27.00 in a research note published on Friday morning, BayStreet.CA reports. They currently have a buy rating on the basic materials company’s stock.

Several other equities research analysts also recently commented on ABX. Sanford C. Bernstein raised their target price on Barrick Gold from C$31.00 to C$32.00 and gave the company an outperform rating in a report on Thursday. Berenberg Bank raised their target price on Barrick Gold from C$29.00 to C$31.00 in a report on Monday, April 8th. National Bankshares dropped their target price on Barrick Gold from C$30.00 to C$28.00 and set a sector perform rating on the stock in a report on Friday. CIBC reiterated an outperform rating and set a C$31.00 target price on shares of Barrick Gold in a report on Thursday, February 15th. Finally, Veritas Investment Research raised their target price on Barrick Gold from C$20.70 to C$25.00 in a report on Friday, April 12th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently 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 firm has a market capitalization of C$41.41 billion, a P/E ratio of 23.77, a P/E/G ratio of 1.94 and a beta of 0.46. Barrick Gold has a 1-year low of C$18.65 and a 1-year high of C$28.19. 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 business’s 50-day simple moving average is C$21.59 and its 200-day simple moving average is C$22.03.

Barrick Gold (TSE:ABX) (NYSE:ABX) last released its quarterly earnings data 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. The business had revenue of C$4.16 billion for the quarter, compared to analyst estimates of C$4.28 billion. Barrick Gold had a return on equity of 6.17% and a net margin of 11.16%. Equities analysts predict that Barrick Gold will post 1.196793 EPS for the current year.

Barrick Gold Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.40 annualized dividend and a yield of 1.70%. Barrick Gold’s dividend payout ratio 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.