Barrick Gold (TSE:ABX) Stock Price Crosses Above 200 Day Moving Average of $22.35

Barrick Gold Co. (TSE:ABX) (NYSE:ABX)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$22.35 and traded as high as C$23.29. Barrick Gold shares last traded at C$23.07, with a volume of 3,302,939 shares changing hands.

Analyst Ratings Changes

Several equities analysts have weighed in on ABX shares. Eight Capital lifted their price target on shares of Barrick Gold from C$32.00 to C$36.00 and gave the company a “buy” rating in a report on Monday, April 22nd. National Bank Financial reaffirmed a “sector perform overweight” rating on shares of Barrick Gold in a report on Monday, April 8th. Veritas Investment Research lifted their price target on shares of Barrick Gold from C$20.70 to C$25.00 in a report on Friday, April 12th. TD Securities reaffirmed a “buy” rating and set a C$34.00 price target on shares of Barrick Gold in a report on Wednesday, May 1st. Finally, Berenberg Bank lifted their price target on shares of Barrick Gold from C$29.00 to C$31.00 in a report on Monday, April 8th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Barrick Gold presently has an average rating of “Moderate Buy” and a consensus price target of C$29.73.

Barrick Gold Price Performance

The firm’s 50-day moving average is C$23.08 and its two-hundred day moving average is C$22.35. The company has a market cap of C$40.60 billion, a P/E ratio of 20.42, a PEG ratio of 1.94 and a beta of 0.46. The company has a debt-to-equity ratio of 14.67, a current ratio of 3.32 and a quick ratio of 2.62.

Barrick Gold (TSE:ABX) (NYSE:ABX) last announced its quarterly earnings results on Wednesday, May 1st. The basic materials company reported C$0.26 earnings per share for the quarter, topping the consensus estimate of C$0.22 by C$0.04. Barrick Gold had a net margin of 12.58% and a return on equity of 6.83%. The company had revenue of C$3.70 billion for the quarter, compared to analysts’ expectations of C$3.98 billion. Analysts anticipate that Barrick Gold Co. will post 1.4494519 earnings per share for the current year.

Barrick Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Friday, May 31st were given a dividend of $0.135 per share. This is a boost from Barrick Gold’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.54 dividend on an annualized basis and a yield of 2.34%. Barrick Gold’s payout ratio is 48.67%.

Insider Buying and Selling at Barrick Gold

In other news, Director Andrew James Quinn sold 36,000 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of C$23.00, for a total value of C$828,000.00. Company insiders own 0.61% of the company’s stock.

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.