Barrick Gold Co. (TSE:ABX) Given Average Rating of “Moderate Buy” by Analysts

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) has earned a consensus rating of “Moderate Buy” from the eleven analysts that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$30.38.

A number of research firms have recently commented on ABX. Canaccord Genuity Group dropped their price target on shares of Barrick Gold from C$33.50 to C$30.00 in a research report on Wednesday, January 15th. TD Securities reiterated a “buy” rating and issued a C$34.00 target price on shares of Barrick Gold in a report on Wednesday, October 16th. National Bankshares lowered their price target on Barrick Gold from C$26.00 to C$24.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 16th. Stifel Nicolaus cut their price objective on Barrick Gold from C$33.50 to C$32.00 in a research report on Monday, December 2nd. Finally, Royal Bank of Canada increased their target price on Barrick Gold to C$21.00 and gave the company a “buy” rating in a research note on Friday, December 20th.

Insider Transactions at Barrick Gold

In related news, Senior Officer Poupak Bahamin purchased 5,778 shares of the stock in a transaction on Thursday, November 21st. The shares were purchased at an average cost of C$25.03 per share, for a total transaction of C$144,645.87. Also, Director Dennis Mark Bristow acquired 85,296 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were bought at an average cost of C$25.03 per share, with a total value of C$2,135,291.53. 0.60% of the stock is owned by insiders.

Barrick Gold Stock Down 1.3 %

Barrick Gold stock opened at C$22.90 on Wednesday. The company has a current ratio of 3.01, a quick ratio of 2.62 and a debt-to-equity ratio of 14.54. Barrick Gold has a 1-year low of C$18.65 and a 1-year high of C$29.50. The firm’s fifty day simple moving average is C$23.46 and its 200-day simple moving average is C$25.21. The company has a market capitalization of C$40.08 billion, a P/E ratio of 19.24, a P/E/G ratio of 2.34 and a beta of 0.48.

Barrick Gold (TSE:ABX) (NYSE:ABX) last posted its earnings results 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 net margin of 12.78% and a return on equity of 7.20%. During the same period in the prior year, the business earned $0.32 EPS. Sell-side analysts forecast that Barrick Gold will post 2.2422764 earnings per share for the current fiscal year.

Barrick Gold Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were paid a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend was Friday, November 29th. Barrick Gold’s dividend payout ratio is 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.