Brokerages Set Barrick Gold Co. (TSE:ABX) Target Price at C$31.14

Barrick Gold Co. (TSE:ABX - Get Free Report) NYSE: ABX has been assigned a consensus rating of "Moderate Buy" from the nine ratings firms that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$31.14.

A number of research analysts recently weighed in on the company. Argus raised Barrick Gold from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 29th. UBS Group downgraded shares of Barrick Gold from a "strong-buy" rating to a "hold" rating in a report on Wednesday, October 30th. Sanford C. Bernstein cut their target price on shares of Barrick Gold from C$37.00 to C$36.00 in a research note on Tuesday. Stifel Nicolaus lifted their target price on shares of Barrick Gold from C$28.50 to C$33.50 in a report on Monday, October 21st. Finally, Canaccord Genuity Group increased their price target on shares of Barrick Gold from C$31.00 to C$33.00 in a report on Tuesday, July 23rd.

Insider Buying and Selling

In related news, Director Andrew James Quinn purchased 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 14th. The shares were bought at an average price of C$26.00 per share, for a total transaction of C$129,999.00. In other news, Director Andrew James Quinn acquired 5,000 shares of the stock in a transaction on Wednesday, August 14th. The stock was acquired at an average cost of C$26.00 per share, for a total transaction of C$129,999.00. Also, Director Christopher Lewis Coleman sold 121,334 shares of the firm's 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. Insiders have sold 235,334 shares of company stock valued at $5,741,477 over the last 90 days. 0.60% of the stock is owned by corporate insiders.

Barrick Gold Stock Down 0.0 %

Shares of TSE:ABX traded down C$0.01 during trading on Friday, hitting C$25.62. 3,628,601 shares of the company were exchanged, compared to its average volume of 3,549,663. Barrick Gold has a fifty-two week low of C$18.65 and a fifty-two week high of C$29.50. The stock has a market cap of C$44.84 billion, a price-to-earnings ratio of 21.54, a P/E/G ratio of 2.34 and a beta of 0.48. The company has a current ratio of 3.01, a quick ratio of 2.62 and a debt-to-equity ratio of 14.54. The firm has a fifty day moving average price of C$27.37 and a two-hundred day moving average price of C$25.07.

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 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.36 by C$0.08. The business had revenue of C$4.33 billion during the quarter, compared to the consensus estimate 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 anticipate that Barrick Gold will post 2.2422764 earnings per share for the current fiscal year.

Barrick Gold Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend is Friday, November 29th. Barrick Gold's dividend payout ratio (DPR) is currently 45.38%.

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.