National Bankshares Cuts Barrick Gold (TSE:ABX) Price Target to C$24.00

Barrick Gold (TSE:ABX) (NYSE:ABX) had its price target reduced by National Bankshares from C$26.00 to C$24.00 in a report issued on Thursday morning,BayStreet.CA reports. National Bankshares currently has a sector perform rating on the basic materials company’s stock.

Several other equities research analysts also recently issued reports on the stock. TD Cowen restated a “buy” rating and issued a C$36.00 price objective on shares of Barrick Gold in a research note on Tuesday, January 14th. Sanford C. Bernstein lowered their price objective on shares of Barrick Gold from C$37.00 to C$36.00 in a research note on Tuesday, November 5th. Stifel Nicolaus lowered their price objective on shares of Barrick Gold from C$33.50 to C$32.00 in a research note on Monday, December 2nd. UBS Group downgraded shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, TD Securities restated a “buy” rating and issued a C$34.00 price objective on shares of Barrick Gold in a research note on Wednesday, October 16th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Barrick Gold currently has a consensus rating of “Moderate Buy” and an average price target of C$30.38.

Barrick Gold Trading Up 2.2 %

TSE:ABX opened at C$23.14 on Thursday. Barrick Gold has a 12 month low of C$18.65 and a 12 month high of C$29.50. The firm has a market cap of C$40.50 billion, a price-to-earnings ratio of 19.45, a P/E/G ratio of 2.34 and a beta of 0.48. 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 company’s 50 day moving average is C$23.48 and its 200-day moving average is C$25.20.

Barrick Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were issued 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 2.33%. Barrick Gold’s payout ratio is presently 45.38%.

Insider Buying and Selling at Barrick Gold

In other Barrick Gold news, Director Dennis Mark Bristow purchased 85,296 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was acquired at an average cost of C$25.03 per share, with a total value of C$2,135,291.53. Also, Senior Officer Poupak Bahamin sold 2,500 shares of Barrick Gold stock in a transaction dated Friday, November 29th. The shares were sold at an average price of C$24.49, for a total value of C$61,215.00. 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.