Barrick Gold Co. (TSE:ABX) Receives C$31.14 Consensus PT from Brokerages

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) has been given an average rating of “Moderate Buy” by the nine research firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$31.14.

Several equities research analysts have recently issued reports on the company. TD Securities reaffirmed a “buy” rating and issued a C$34.00 price objective on shares of Barrick Gold in a research note on Wednesday, October 16th. Argus upgraded Barrick Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 29th. Sanford C. Bernstein reduced their price target on Barrick Gold from C$37.00 to C$36.00 in a report on Tuesday, November 5th. UBS Group downgraded Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th. Finally, Stifel Nicolaus increased their price target on Barrick Gold from C$28.50 to C$33.50 in a report on Monday, October 21st.

Barrick Gold Price Performance

TSE:ABX opened at C$23.73 on Friday. The firm has a market capitalization of C$41.53 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 2.34 and a beta of 0.48. Barrick Gold has a 1 year low of C$18.65 and a 1 year high of C$29.50. The business has a 50 day simple moving average of C$27.21 and a 200-day simple moving average of C$25.09. The company has a debt-to-equity ratio of 14.54, a current ratio of 3.01 and a quick ratio of 2.62.

Barrick Gold (TSE:ABX) (NYSE:ABX) last posted its quarterly earnings data on Monday, August 12th. The basic materials company reported C$0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.36 by C$0.08. The business had revenue of C$4.33 billion during the quarter, compared to analyst estimates of C$4.12 billion. Barrick Gold had a return on equity of 7.20% and a net margin of 12.78%. Equities analysts forecast that Barrick Gold will post 2.2422764 EPS for the current year.

Barrick Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.135 per share. The ex-dividend date is Friday, November 29th. This represents a $0.54 annualized dividend and a yield of 2.28%. Barrick Gold’s payout ratio is currently 45.38%.

Insiders Place Their Bets

In other Barrick Gold news, Senior Officer Joel James Holliday sold 20,000 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of C$27.36, for a total transaction of C$547,298.10. In other news, Director Christopher Lewis Coleman sold 121,334 shares of Barrick Gold stock in a transaction on Thursday, September 26th. The stock was sold at an average price of C$28.10, for a total value of C$3,409,485.40. Also, Senior Officer Joel James Holliday sold 20,000 shares of Barrick Gold stock in a transaction on Friday, September 20th. The shares were sold at an average price of C$27.36, for a total value of C$547,298.10. 0.60% of the stock is currently owned by company insiders.

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.