Barrick Gold Corp (TSE:ABX) (NYSE:ABX) – Cormark issued their Q1 2019 EPS estimates for Barrick Gold in a research note issued to investors on Thursday. Cormark analyst R. Gray expects that the company will post earnings of $0.15 per share for the quarter. Cormark also issued estimates for Barrick Gold’s Q2 2019 earnings at $0.15 EPS, Q3 2019 earnings at $0.15 EPS, Q4 2019 earnings at $0.15 EPS and FY2019 earnings at $0.59 EPS.
A number of other research firms have also recently commented on ABX. BMO Capital Markets set a C$15.00 target price on shares of Barrick Gold and gave the stock a “market perform” rating in a research report on Thursday, February 15th. CSFB reduced their target price on shares of Barrick Gold to C$24.00 and set a “neutral” rating on the stock in a research report on Thursday, October 26th. Canaccord Genuity boosted their target price on shares of Barrick Gold from C$24.50 to C$27.00 in a research report on Friday, January 19th. TD Securities reduced their target price on shares of Barrick Gold to C$22.00 and set a “hold” rating on the stock in a research report on Monday, November 6th. Finally, Royal Bank of Canada cut shares of Barrick Gold from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from C$21.00 to C$18.00 in a research report on Wednesday, November 1st. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of C$22.67.
Shares of Barrick Gold (TSE:ABX) traded down C$0.19 during mid-day trading on Monday, reaching C$16.33. 1,499,075 shares of the company’s stock were exchanged, compared to its average volume of 3,130,540. The firm has a market capitalization of $19,070.00, a PE ratio of 13.85 and a beta of -0.82. Barrick Gold has a 1 year low of C$15.90 and a 1 year high of C$27.03.
In related news, Director Kelvin Paul Michael Dushnisky purchased 56,733 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were purchased at an average cost of C$17.97 per share, with a total value of C$1,019,492.01. Also, Director Graham G. Clow purchased 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 19th. The stock was bought at an average cost of C$14.44 per share, for a total transaction of C$72,200.00. Over the last three months, insiders have bought 91,535 shares of company stock worth $1,617,559.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be given a dividend of $0.037 per share. The ex-dividend date is Tuesday, February 27th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.91%. Barrick Gold’s payout ratio is currently 9.32%.
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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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