Barrick Gold (TSE:ABX) Stock Price Crosses Above Two Hundred Day Moving Average of $22.35

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$22.35 and traded as high as C$23.29. Barrick Gold shares last traded at C$23.07, with a volume of 3,302,939 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ABX. Sanford C. Bernstein boosted their price target on Barrick Gold from C$31.00 to C$32.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. Stifel Nicolaus boosted their price target on Barrick Gold from C$25.00 to C$27.00 and gave the company a “buy” rating in a report on Friday, April 19th. Canaccord Genuity Group boosted their price target on Barrick Gold from C$27.00 to C$30.00 in a report on Tuesday, April 23rd. TD Securities reiterated a “buy” rating and issued a C$34.00 price target on shares of Barrick Gold in a report on Wednesday, May 1st. Finally, National Bank Financial reiterated a “sector perform overweight” rating on shares of Barrick Gold in a report on Monday, April 8th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$29.73.

Barrick Gold Stock Up 0.2 %

The company has a current ratio of 3.32, a quick ratio of 2.62 and a debt-to-equity ratio of 14.67. The stock has a 50-day moving average of C$23.08 and a 200-day moving average of C$22.35. The firm has a market cap of C$40.60 billion, a price-to-earnings ratio of 20.42, a price-to-earnings-growth ratio of 1.94 and a beta of 0.46.

Barrick Gold (TSE:ABX) (NYSE:ABX) last announced its quarterly earnings results on Wednesday, May 1st. The basic materials company reported C$0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.22 by C$0.04. Barrick Gold had a return on equity of 6.83% and a net margin of 12.58%. The company had revenue of C$3.70 billion during the quarter, compared to analyst estimates of C$3.98 billion. As a group, sell-side analysts forecast that Barrick Gold Co. will post 1.4494519 EPS for the current fiscal year.

Barrick Gold Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Friday, May 31st were given a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date was Friday, May 31st. This is a positive change from Barrick Gold’s previous quarterly dividend of $0.10. Barrick Gold’s payout ratio is 48.67%.

Insiders Place Their Bets

In other news, Director Andrew James Quinn sold 36,000 shares of the business’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of C$23.00, for a total value of C$828,000.00. 0.61% of the stock is currently owned by insiders.

Barrick Gold Company Profile

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.