Barrick Gold (TSE:ABX) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Barrick Gold Co. (TSE:ABX) (NYSE:ABX)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$25.20 and traded as low as C$23.41. Barrick Gold shares last traded at C$23.99, with a volume of 3,501,658 shares trading hands.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Sanford C. Bernstein decreased their price target on shares of Barrick Gold from C$37.00 to C$36.00 in a research note on Tuesday, November 5th. Scotiabank lowered shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st. Cibc World Mkts downgraded shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th. TD Securities reiterated a “buy” rating and issued a C$34.00 price target on shares of Barrick Gold in a research note on Wednesday, October 16th. Finally, Canaccord Genuity Group lowered their price objective on Barrick Gold from C$33.50 to C$30.00 in a research note on Wednesday, January 15th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$30.38.

Barrick Gold Trading Up 4.2 %

The firm has a 50-day moving average of C$23.31 and a two-hundred day moving average of C$25.20. The firm has a market capitalization of C$41.98 billion, a P/E ratio of 20.16, a P/E/G ratio of 2.34 and a beta of 0.48. 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 (TSE:ABX) (NYSE:ABX) last posted its earnings results on Thursday, November 7th. The basic materials company reported C$0.42 EPS 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 prior year, the firm posted $0.32 earnings per share. On average, analysts anticipate that Barrick Gold Co. will post 2.2422764 EPS for the current year.

Barrick Gold Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were paid a dividend of $0.135 per share. The ex-dividend date was Friday, November 29th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.25%. Barrick Gold’s payout ratio is presently 45.38%.

Insider Transactions at Barrick Gold

In related news, Senior Officer Poupak Bahamin sold 2,500 shares of Barrick Gold stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of C$24.49, for a total transaction of C$61,215.00. Also, Director Dennis Mark Bristow purchased 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, with a total value of C$2,135,291.53. Company insiders own 0.60% of the company’s stock.

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.