Eight Capital Boosts Barrick Gold (TSE:ABX) Price Target to C$36.00

Barrick Gold (TSE:ABX) (NYSE:ABX) had its price objective raised by Eight Capital from C$32.00 to C$36.00 in a research report report published on Monday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the basic materials company’s stock.

ABX has been the topic of a number of other reports. Veritas Investment Research raised their target price on shares of Barrick Gold from C$20.70 to C$25.00 in a research note on Friday, April 12th. CIBC reiterated an outperform rating and set a C$31.00 price objective on shares of Barrick Gold in a research report on Thursday, February 15th. Stifel Nicolaus boosted their price objective on Barrick Gold from C$25.00 to C$27.00 and gave the stock a buy rating in a research note on Friday, April 19th. Raymond James cut their target price on Barrick Gold from C$28.00 to C$24.00 in a research note on Friday, February 16th. Finally, Berenberg Bank boosted their price target on shares of Barrick Gold from C$29.00 to C$31.00 in a research report on Monday, April 8th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of C$29.27.

Barrick Gold Stock Down 0.7 %

Shares of ABX opened at C$22.63 on Monday. The stock has a 50 day moving average price of C$21.79 and a 200 day moving average price of C$22.07. Barrick Gold has a one year low of C$18.65 and a one year high of C$28.19. The company has a debt-to-equity ratio of 16.32, a quick ratio of 2.62 and a current ratio of 3.16. The stock has a market capitalization of C$39.83 billion, a price-to-earnings ratio of 22.86, a PEG ratio of 1.94 and a beta of 0.46.

Barrick Gold (TSE:ABX) (NYSE:ABX) last released its earnings results on Wednesday, February 14th. The basic materials company reported C$0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.28 by C$0.09. The business had revenue of C$4.16 billion during the quarter, compared to analyst estimates of C$4.28 billion. Barrick Gold had a net margin of 11.16% and a return on equity of 6.17%. Equities research analysts forecast that Barrick Gold will post 1.196793 earnings per share for the current fiscal year.

Barrick Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were issued a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.40 annualized dividend and a yield of 1.77%. Barrick Gold’s dividend payout ratio (DPR) is currently 54.55%.

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.