Analysts Set Barrick Gold Corp (NYSE:GOLD) Price Target at $24.82

Shares of Barrick Gold Corp (NYSE:GOLD - Get Free Report) TSE: ABX have been assigned a consensus recommendation of "Moderate Buy" from the eleven ratings firms that are currently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $24.82.

GOLD has been the subject of several research analyst reports. CIBC downgraded Barrick Gold from a "sector outperform" rating to a "neutral" rating in a research note on Monday, November 25th. Scotiabank lowered their price objective on shares of Barrick Gold from $24.00 to $23.00 and set a "sector outperform" rating on the stock in a research note on Monday, November 25th. Cibc World Mkts downgraded Barrick Gold from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 25th. Berenberg Bank upped their target price on shares of Barrick Gold from $37.00 to $38.00 in a report on Tuesday, November 26th. Finally, Raymond James cut their price objective on shares of Barrick Gold from $26.00 to $25.00 and set an "outperform" rating for the company in a research report on Monday, November 25th.

Barrick Gold Price Performance

Barrick Gold stock traded up $0.25 during midday trading on Friday, reaching $16.00. The company's stock had a trading volume of 15,270,538 shares, compared to its average volume of 14,353,890. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.06 and a current ratio of 2.65. Barrick Gold has a fifty-two week low of $13.76 and a fifty-two week high of $21.35. The firm has a market capitalization of $27.62 billion, a PE ratio of 17.20, a P/E/G ratio of 0.28 and a beta of 0.54. The stock's 50 day simple moving average is $16.52 and its 200 day simple moving average is $18.36.

Barrick Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date was Friday, November 29th. Barrick Gold's payout ratio is 43.01%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its stake in shares of Barrick Gold by 16.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,471,407 shares of the gold and copper producer's stock worth $124,635,000 after buying an additional 1,057,886 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in Barrick Gold by 17.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 31,172 shares of the gold and copper producer's stock worth $515,000 after acquiring an additional 4,521 shares in the last quarter. XTX Topco Ltd acquired a new stake in Barrick Gold in the 2nd quarter valued at about $383,000. Skandinaviska Enskilda Banken AB publ lifted its holdings in Barrick Gold by 8.4% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 236,619 shares of the gold and copper producer's stock valued at $3,947,000 after acquiring an additional 18,400 shares during the last quarter. Finally, Sei Investments Co. boosted its position in shares of Barrick Gold by 23.4% during the 2nd quarter. Sei Investments Co. now owns 846,374 shares of the gold and copper producer's stock valued at $14,117,000 after purchasing an additional 160,498 shares in the last quarter. Institutional investors and hedge funds own 62.85% of the company's stock.

About Barrick Gold

Barrick Gold Corporation is a sector-leading gold and copper producer.  Its shares trade on the New York Stock Exchange under the symbol GOLD and on the Toronto Stock Exchange under the symbol ABX.   In January 2019 Barrick merged with Randgold Resources and in July that year it combined its gold mines in Nevada, USA, with those of Newmont Corporation in a joint venture, Nevada Gold Mines, which is majority-owned and operated by Barrick.