Barrick Gold Co. (TSE:ABX) Declares $0.14 Quarterly Dividend

Barrick Gold Co. (TSE:ABX - Get Free Report) NYSE: ABX declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Investors of record on Friday, November 29th will be given a dividend of 0.135 per share by the basic materials company on Monday, December 16th. This represents a $0.54 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend is Friday, November 29th.

Barrick Gold Trading Down 0.0 %

ABX stock traded down C$0.01 during trading on Friday, hitting C$25.62. The company had a trading volume of 3,633,320 shares, compared to its average volume of 3,549,665. Barrick Gold has a 52-week low of C$18.65 and a 52-week high of C$29.50. The company has a 50 day simple moving average of C$27.37 and a 200-day simple moving average of C$25.07. The firm has a market capitalization of C$44.84 billion, a P/E ratio of 21.54, a PEG ratio of 2.34 and a beta of 0.48. The company has a quick ratio of 2.62, a current ratio of 3.01 and a debt-to-equity ratio of 14.54.

Barrick Gold (TSE:ABX - Get Free Report) NYSE: ABX last issued its earnings results on Monday, August 12th. The basic materials company reported C$0.44 EPS for the quarter, topping analysts' consensus estimates of C$0.36 by C$0.08. The business had revenue of C$4.33 billion for the quarter, compared to analyst estimates of C$4.12 billion. Barrick Gold had a net margin of 12.78% and a return on equity of 7.20%. As a group, research analysts forecast that Barrick Gold will post 2.2422764 earnings per share for the current fiscal year.

Insider Activity at Barrick Gold

In other Barrick Gold news, Director Christopher Lewis Coleman sold 121,334 shares of the firm's stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of C$28.10, for a total value of C$3,409,485.40. In related news, Director Christopher Lewis Coleman sold 121,334 shares of the stock in a transaction on Thursday, September 26th. The shares were sold at an average price of C$28.10, for a total value of C$3,409,485.40. Also, Director Andrew James Quinn bought 5,000 shares of Barrick Gold stock in a transaction dated Wednesday, August 14th. The stock was purchased at an average cost of C$26.00 per share, with a total value of C$129,999.00. In the last quarter, insiders sold 235,334 shares of company stock worth $5,741,477. Insiders own 0.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on ABX shares. Eight Capital raised their target price on shares of Barrick Gold from C$36.00 to C$38.00 in a research report on Thursday, July 11th. Canaccord Genuity Group upped their price objective on shares of Barrick Gold from C$31.00 to C$33.00 in a report on Tuesday, July 23rd. UBS Group downgraded Barrick Gold from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, October 30th. Stifel Nicolaus raised their price objective on Barrick Gold from C$28.50 to C$33.50 in a research note on Monday, October 21st. Finally, Argus upgraded Barrick Gold from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 29th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Barrick Gold presently has a consensus rating of "Moderate Buy" and an average target price of C$31.14.

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.