Barrick Gold Co. (TSE:ABX – Get Free Report) (NYSE:ABX) has received an average rating of “Moderate Buy” from the twelve ratings firms that are currently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$30.38.
Several brokerages recently issued reports on ABX. TD Securities reiterated a “buy” rating and issued a C$34.00 target price on shares of Barrick Gold in a research note on Wednesday, October 16th. TD Cowen reissued a “buy” rating and set a C$36.00 target price on shares of Barrick Gold in a report on Tuesday, January 14th. Cibc World Mkts cut shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th. Canaccord Genuity Group dropped their price objective on shares of Barrick Gold from C$33.50 to C$30.00 in a research report on Wednesday, January 15th. Finally, National Bankshares reduced their target price on shares of Barrick Gold from C$26.00 to C$24.00 and set a “sector perform” rating for the company in a report on Thursday, January 16th.
Read Our Latest Analysis on ABX
Barrick Gold Price Performance
Barrick Gold (TSE:ABX – Get Free Report) (NYSE:ABX) last released its quarterly earnings results on Thursday, November 7th. The basic materials company reported C$0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.45 by C($0.03). Barrick Gold had a net margin of 12.78% and a return on equity of 7.20%. During the same period last year, the company posted $0.32 earnings per share. On average, equities research analysts forecast that Barrick Gold will post 2.2422764 earnings per share for the current year.
Barrick Gold Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were given a dividend of $0.135 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.54 annualized dividend and a yield of 2.33%. Barrick Gold’s dividend payout ratio is currently 45.38%.
Insiders Place Their Bets
In related news, Director Dennis Mark Bristow bought 85,296 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were 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 on Friday, November 29th. The stock was sold at an average price of C$24.49, for a total transaction 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.
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