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

Shares of Barrick Gold Co. (TSE:ABX) (NYSE:ABX) have received an average rating of “Buy” from the eight brokerages that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$30.18.

A number of equities research analysts have issued reports on the stock. Argus raised shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 29th. Canaccord Genuity Group lifted their target price on Barrick Gold from C$31.00 to C$33.00 in a report on Tuesday, July 23rd. Finally, Eight Capital raised their price objective on shares of Barrick Gold from C$36.00 to C$38.00 in a research report on Thursday, July 11th.

Barrick Gold Stock Performance

ABX stock opened at C$27.36 on Thursday. 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 firm has a market cap of C$47.88 billion, a PE ratio of 23.59, a P/E/G ratio of 1.94 and a beta of 0.49. The business has a 50 day moving average of C$25.91 and a 200-day moving average of C$23.81. Barrick Gold has a 12-month low of C$18.65 and a 12-month high of C$28.67.

Barrick Gold (TSE:ABX) (NYSE:ABX) last announced its quarterly earnings data on Monday, August 12th. The basic materials company reported C$0.44 EPS for the quarter, topping the consensus estimate of C$0.36 by C$0.08. Barrick Gold had a net margin of 12.78% and a return on equity of 7.20%. The business had revenue of C$4.33 billion for the quarter, compared to analyst estimates of C$4.12 billion. As a group, sell-side analysts expect that Barrick Gold will post 2.2758921 earnings per share for the current year.

Barrick Gold Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were paid a dividend of $0.138 per share. This is a boost from Barrick Gold’s previous quarterly dividend of $0.14. The ex-dividend date was Friday, August 30th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 2.02%. Barrick Gold’s payout ratio is 46.55%.

Insider Buying and Selling at Barrick Gold

In other Barrick Gold news, Senior Officer Riaan Grobler sold 94,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of C$18.99, for a total value of C$1,784,693.40. In related news, Director Andrew James Quinn bought 5,000 shares of the company’s stock in a transaction dated Wednesday, August 14th. The stock was purchased at an average price of C$26.00 per share, for a total transaction of C$129,999.00. Also, Senior Officer Riaan Grobler sold 94,000 shares of Barrick Gold stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of C$18.99, for a total transaction of C$1,784,693.40. Insiders own 0.61% 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.