Barrick Gold Co. (TSE:ABX) Receives C$30.38 Consensus PT from Brokerages

Shares of Barrick Gold Co. (TSE:ABX) (NYSE:ABX) have received a consensus recommendation of “Moderate Buy” from the twelve research firms that are covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$30.38.

Several brokerages recently weighed in on ABX. Royal Bank of Canada boosted their price objective on shares of Barrick Gold to C$21.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. Canaccord Genuity Group reduced their price objective on shares of Barrick Gold from C$33.50 to C$30.00 in a research note on Wednesday, January 15th. National Bankshares reduced their price objective on shares of Barrick Gold from C$26.00 to C$24.00 and set a “sector perform” rating on the stock in a research note on Thursday, January 16th. Cibc World Mkts lowered shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. Finally, Sanford C. Bernstein dropped their target price on shares of Barrick Gold from C$37.00 to C$36.00 in a report on Tuesday, November 5th.

Insider Activity

In other Barrick Gold news, Director Dennis Mark Bristow bought 85,296 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were bought at an average price of C$25.03 per share, for a total transaction of C$2,135,291.53. Also, Senior Officer Poupak Bahamin sold 2,500 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of C$24.49, for a total transaction of C$61,215.00. Company insiders own 0.60% of the company’s stock.

Barrick Gold Stock Performance

TSE ABX opened at C$22.98 on Wednesday. The firm’s fifty day moving average price is C$23.38 and its two-hundred day moving average price is C$25.21. The stock has a market cap of C$40.22 billion, a PE ratio of 19.31, a PEG ratio of 2.34 and a beta of 0.48. Barrick Gold has a fifty-two week low of C$18.65 and a fifty-two week 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.

Barrick Gold (TSE:ABX) (NYSE:ABX) last issued its quarterly earnings data on Thursday, November 7th. The basic materials company reported C$0.42 earnings per share for the quarter, missing the consensus estimate of C$0.45 by C($0.03). Barrick Gold had a return on equity of 7.20% and a net margin of 12.78%. During the same quarter in the prior year, the firm posted $0.32 earnings per share. On average, equities analysts expect that Barrick Gold will post 2.2422764 EPS for the current fiscal year.

Barrick Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were issued a dividend of $0.135 per share. The ex-dividend date was Friday, November 29th. This represents a $0.54 annualized dividend and a dividend yield of 2.35%. Barrick Gold’s dividend payout ratio is currently 45.38%.

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.