Barrick Gold (TSE:ABX) Stock Crosses Above 200-Day Moving Average of $22.35

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$22.35 and traded as high as C$24.23. Barrick Gold shares last traded at C$23.78, with a volume of 3,254,540 shares.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ABX shares. Veritas Investment Research upped their target price on shares of Barrick Gold from C$20.70 to C$25.00 in a research note on Friday, April 12th. Stifel Nicolaus upped their target price on shares of Barrick Gold from C$25.00 to C$27.00 and gave the company a “buy” rating in a report on Friday, April 19th. National Bankshares dropped their target price on shares of Barrick Gold from C$30.00 to C$28.00 and set a “sector perform” rating on the stock in a report on Friday, April 19th. Canaccord Genuity Group upped their target price on shares of Barrick Gold from C$27.00 to C$30.00 in a report on Tuesday, April 23rd. Finally, Berenberg Bank upped their target price on shares of Barrick Gold from C$29.00 to C$31.00 in a report on Monday, April 8th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$29.73.

Barrick Gold Price Performance

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 company has a 50 day moving average of C$23.09 and a 200-day moving average of C$22.35. The firm has a market capitalization of C$41.85 billion, a P/E ratio of 21.04, a P/E/G ratio of 1.94 and a beta of 0.46.

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

Barrick Gold Increases Dividend

The firm also recently announced 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 dividend yield of 2.27%. 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 dividend payout ratio is presently 48.67%.

Insider Activity

In other news, Director Andrew James Quinn sold 36,000 shares of Barrick Gold stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of C$23.00, for a total value of C$828,000.00. 0.61% of the stock is owned by company 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.