Barrick Gold Co. (TSE:ABX) Receives C$30.38 Average Price Target from Analysts

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) has been assigned an average recommendation of “Moderate Buy” from the twelve research firms that are covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is C$30.38.

A number of equities analysts have recently issued reports on the stock. TD Securities reiterated a “buy” rating and set a C$34.00 price objective on shares of Barrick Gold in a research note on Wednesday, October 16th. Royal Bank of Canada lifted their price target on Barrick Gold to C$21.00 and gave the company a “buy” rating in a report on Friday, December 20th. Scotiabank downgraded Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st. Stifel Nicolaus lowered their target price on shares of Barrick Gold from C$33.50 to C$32.00 in a research note on Monday, December 2nd. Finally, TD Cowen restated a “buy” rating and set a C$36.00 price target on shares of Barrick Gold in a research note on Tuesday, January 14th.

Insiders Place Their Bets

In other news, Director Dennis Mark Bristow acquired 85,296 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was acquired 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 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. Insiders own 0.60% of the company’s stock.

Barrick Gold Trading Up 1.9 %

Shares of TSE ABX opened at C$23.15 on Wednesday. Barrick Gold has a twelve month low of C$18.65 and a twelve month high of C$29.50. The company has a quick ratio of 2.62, a current ratio of 3.01 and a debt-to-equity ratio of 14.54. The business has a fifty day simple moving average of C$23.40 and a two-hundred day simple moving average of C$25.21. The firm has a market cap of C$40.51 billion, a PE ratio of 19.45, a price-to-earnings-growth ratio of 2.34 and a beta of 0.48.

Barrick Gold (TSE:ABX) (NYSE:ABX) last released its quarterly earnings data on Thursday, November 7th. The basic materials company reported C$0.42 earnings per share for the quarter, missing analysts’ consensus estimates 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 previous year, the business earned $0.32 earnings per share. Analysts expect that Barrick Gold will post 2.2422764 earnings per share for the current fiscal year.

Barrick Gold Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were issued a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend was Friday, November 29th. Barrick Gold’s payout ratio is presently 45.38%.

Barrick Gold Company Profile

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.