Barrick Gold Corp (NYSE:GOLD – Get Free Report) (TSE:ABX) shares traded up 2% during trading on Monday after Scotiabank raised their price target on the stock from $23.00 to $25.00. Scotiabank currently has a sector outperform rating on the stock. Barrick Gold traded as high as $20.19 and last traded at $20.11. 8,411,435 shares changed hands during trading, a decline of 61% from the average session volume of 21,766,738 shares. The stock had previously closed at $19.71.
Several other brokerages also recently weighed in on GOLD. CIBC raised their price target on Barrick Gold from $23.00 to $27.00 and gave the stock an “outperformer” rating in a report on Wednesday, July 10th. Jefferies Financial Group increased their price objective on shares of Barrick Gold from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Friday, July 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $22.67.
Read Our Latest Research Report on Barrick Gold
Institutional Investors Weigh In On Barrick Gold
Barrick Gold Stock Up 2.5 %
The company has a quick ratio of 2.49, a current ratio of 3.32 and a debt-to-equity ratio of 0.15. The business has a 50-day simple moving average of $17.66 and a 200-day simple moving average of $16.76. The company has a market cap of $35.41 billion, a PE ratio of 24.63, a P/E/G ratio of 0.48 and a beta of 0.51.
Barrick Gold (NYSE:GOLD – Get Free Report) (TSE:ABX) last posted its quarterly earnings data on Monday, August 12th. The gold and copper producer reported $0.32 EPS for the quarter, topping the consensus estimate of $0.27 by $0.05. The company had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.13 billion. Barrick Gold had a return on equity of 4.88% and a net margin of 12.58%. Barrick Gold’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.19 EPS. Equities research analysts anticipate that Barrick Gold Corp will post 1.16 EPS for the current year.
Barrick Gold Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.40 annualized dividend and a yield of 1.98%. Barrick Gold’s dividend payout ratio (DPR) is presently 48.78%.
Barrick Gold Company Profile
Barrick Gold Corporation is a sector-leading gold and copper producer. Its shares trade on the New York Stock Exchange under the symbol GOLD and on the Toronto Stock Exchange under the symbol ABX.
In January 2019 Barrick merged with Randgold Resources and in July that year it combined its gold mines in Nevada, USA, with those of Newmont Corporation in a joint venture, Nevada Gold Mines, which is majority-owned and operated by Barrick.
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