Shares of Barrick Gold Co. (TSE:ABX – Get Free Report) (NYSE:ABX) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$25.20 and traded as low as C$23.41. Barrick Gold shares last traded at C$23.99, with a volume of 3,501,658 shares trading hands.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on ABX. UBS Group lowered Barrick Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 30th. TD Securities restated a “buy” rating and set a C$34.00 price target on shares of Barrick Gold in a report on Wednesday, October 16th. Scotiabank cut shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st. 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. Finally, Sanford C. Bernstein cut their price target on shares of Barrick Gold from C$37.00 to C$36.00 in a research report on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$30.38.
Check Out Our Latest Stock Report on ABX
Barrick Gold Price Performance
Barrick Gold (TSE:ABX – Get Free Report) (NYSE:ABX) last released its quarterly earnings data on Thursday, November 7th. The basic materials company reported C$0.42 earnings per share for the quarter, missing the consensus estimate of C$0.45 by C($0.03). Barrick Gold had a return on equity of 7.20% and a net margin of 12.78%. During the same quarter last year, the company posted $0.32 EPS. As a group, research analysts anticipate that Barrick Gold Co. will post 2.2422764 EPS for the current year.
Barrick Gold Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were given a $0.135 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.54 annualized dividend and a yield of 2.25%. Barrick Gold’s payout ratio is 45.38%.
Insider Transactions at Barrick Gold
In other news, Senior Officer Poupak Bahamin sold 2,500 shares of the 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. Also, Director Dennis Mark Bristow purchased 85,296 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were purchased at an average price of C$25.03 per share, for a total transaction of C$2,135,291.53. Company insiders own 0.60% of the company’s stock.
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.
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