Barrick Gold (TSE:ABX) Given “Buy” Rating at TD Cowen

TD Cowen reissued their buy rating on shares of Barrick Gold (TSE:ABX) (NYSE:ABX) in a report issued on Tuesday morning,Stock Target Advisor reports. The brokerage currently has a C$36.00 price target on the basic materials company’s stock.

Several other analysts also recently issued reports on ABX. TD Securities restated a “buy” rating and issued a C$34.00 price objective on shares of Barrick Gold in a research report on Wednesday, October 16th. UBS Group cut shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Stifel Nicolaus lowered their price target on shares of Barrick Gold from C$33.50 to C$32.00 in a report on Monday, December 2nd. Cibc World Mkts downgraded shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 25th. Finally, Royal Bank of Canada lifted their target price on shares of Barrick Gold to C$21.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$30.38.

Barrick Gold Trading Down 0.2 %

Shares of Barrick Gold stock opened at C$22.64 on Tuesday. The business has a 50 day moving average price of C$23.59 and a 200 day moving average price of C$25.19. The company has a market capitalization of C$39.62 billion, a P/E ratio of 19.03, a P/E/G ratio of 2.34 and a beta of 0.48. 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 has a 1 year low of C$18.65 and a 1 year high of C$29.50.

Barrick Gold Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were given a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend was Friday, November 29th. Barrick Gold’s dividend payout ratio (DPR) is currently 45.38%.

Insider Activity at Barrick Gold

In other Barrick Gold news, Director Dennis Mark Bristow acquired 85,296 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was bought at an average price 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 the firm’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of C$24.49, for a total transaction of C$61,215.00. 0.60% of the stock is owned by 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.