Barrick Gold Co. (TSE:ABX) Announces $0.14 Quarterly Dividend

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) announced a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Investors of record on Friday, November 29th will be paid a dividend of 0.135 per share by the basic materials company on Monday, December 16th. This represents a $0.54 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date is Friday, November 29th.

Barrick Gold Trading Down 0.3 %

Shares of TSE:ABX opened at C$25.63 on Friday. The stock has a market capitalization of C$44.85 billion, a price-to-earnings ratio of 21.54, a PEG ratio of 2.34 and a beta of 0.48. Barrick Gold has a 1-year low of C$18.65 and a 1-year high of C$29.50. The company has a debt-to-equity ratio of 14.54, a quick ratio of 2.62 and a current ratio of 3.01. The company has a 50 day moving average price of C$27.37 and a 200 day moving average price of C$25.07.

Barrick Gold (TSE:ABX) (NYSE:ABX) last issued its earnings results on Monday, August 12th. The basic materials company reported C$0.44 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.36 by C$0.08. The firm had revenue of C$4.33 billion during the quarter, compared to analysts’ expectations of C$4.12 billion. Barrick Gold had a net margin of 12.78% and a return on equity of 7.20%. On average, research analysts anticipate that Barrick Gold will post 2.2422764 EPS for the current fiscal year.

Insider Activity

In other news, Director Christopher Lewis Coleman sold 121,334 shares of the firm’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of C$28.10, for a total transaction of C$3,409,485.40. In related news, Director Christopher Lewis Coleman sold 121,334 shares of the firm’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of C$28.10, for a total value of C$3,409,485.40. Also, Senior Officer Riaan Grobler sold 94,000 shares of the firm’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of C$18.99, for a total transaction of C$1,784,693.40. In the last 90 days, insiders have sold 235,334 shares of company stock worth $5,741,477. 0.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

ABX has been the subject of a number of research reports. Sanford C. Bernstein reduced their target price on shares of Barrick Gold from C$37.00 to C$36.00 in a report on Tuesday. TD Securities restated a “buy” rating and issued a C$34.00 price target on shares of Barrick Gold in a research report on Wednesday, October 16th. UBS Group downgraded shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Canaccord Genuity Group upped their price target on shares of Barrick Gold from C$31.00 to C$33.00 in a research report on Tuesday, July 23rd. Finally, Stifel Nicolaus upped their price target on shares of Barrick Gold from C$28.50 to C$33.50 in a research report on Monday, October 21st. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$31.14.

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.