Barrick Gold Corp (TSE:ABX) (NYSE:ABX) has been given a consensus recommendation of “Hold” by the nine ratings firms that are currently covering the firm, MarketBeat.com reports. Eight analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$22.83.
ABX has been the topic of several recent research reports. Canaccord Genuity decreased their price objective on Barrick Gold from C$30.00 to C$27.50 in a report on Friday, September 29th. Royal Bank of Canada lowered Barrick Gold from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from C$21.00 to C$18.00 in a report on Wednesday, November 1st. Eight Capital reissued a “neutral” rating on shares of Barrick Gold in a report on Thursday, November 16th. BMO Capital Markets reissued a “market perform” rating and set a C$18.00 price objective on shares of Barrick Gold in a report on Friday, October 13th. Finally, Desjardins reaffirmed a “hold” rating on shares of Barrick Gold in a research note on Monday, December 11th.
In other Barrick Gold news, Director Graham G. Clow acquired 5,000 shares of the business’s stock in a transaction on Tuesday, December 19th. The stock was purchased at an average price of C$14.44 per share, for a total transaction of C$72,200.00. Also, Director Pablo Marcet acquired 2,500 shares of the business’s stock in a transaction on Friday, December 15th. The stock was acquired at an average price of C$14.10 per share, with a total value of C$35,250.00. In the last ninety days, insiders purchased 91,535 shares of company stock worth $1,617,559.
Shares of Barrick Gold (TSE:ABX) traded up C$0.52 during trading hours on Wednesday, hitting C$18.88. The stock had a trading volume of 2,517,900 shares, compared to its average volume of 2,700,000. Barrick Gold has a one year low of C$17.07 and a one year high of C$27.19. The firm has a market cap of $22,020.00, a price-to-earnings ratio of 8.07 and a beta of -0.88.
The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Thursday, November 30th were paid a $0.037 dividend. This is a positive change from Barrick Gold’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $0.15 annualized dividend and a yield of 0.78%. Barrick Gold’s payout ratio is currently 4.70%.
About Barrick Gold
Barrick Gold Corporation (Barrick) is a gold mining company. The Company is principally engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. The Company’s segments include Goldstrike, Cortez, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Acacia Mining plc (Acacia), Pascua-Lama and Other Mines.
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