Barrick Gold Co. (TSE:ABX - Get Free Report) NYSE: ABX's share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$25.19 and traded as low as C$22.22. Barrick Gold shares last traded at C$22.23, with a volume of 3,374,145 shares traded.
Wall Street Analyst Weigh In
ABX has been the subject of several analyst reports. TD Securities reiterated a "buy" rating and issued a C$34.00 target price on shares of Barrick Gold in a research note on Wednesday, October 16th. Stifel Nicolaus lowered their target price on shares of Barrick Gold from C$33.50 to C$32.00 in a research note on Monday, December 2nd. Royal Bank of Canada lifted their price target on Barrick Gold to C$21.00 and gave the company a "buy" rating in a research note on Friday, December 20th. Sanford C. Bernstein lowered their price target on Barrick Gold from C$37.00 to C$36.00 in a research report on Tuesday, November 5th. Finally, Cibc World Mkts lowered Barrick Gold from a "strong-buy" rating to a "hold" rating in a report on Monday, November 25th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$30.17.
View Our Latest Report on Barrick Gold
Barrick Gold Stock Performance
The firm's 50 day simple moving average is C$24.18 and its 200-day simple moving average is C$25.19. The company has a market cap of C$39.13 billion, a price-to-earnings ratio of 18.79, a PEG ratio of 2.34 and a beta of 0.48. The company has a debt-to-equity ratio of 14.54, a quick ratio of 2.62 and a current ratio of 3.01.
Barrick Gold Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were issued a $0.135 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.54 dividend on an annualized basis and a yield of 2.42%. Barrick Gold's payout ratio is 45.38%.
Insider Activity
In related news, Director Dennis Mark Bristow bought 85,296 shares of the firm's stock in a transaction on Thursday, November 21st. The shares were bought at an average price of C$25.03 per share, with a total value of C$2,135,291.53. Also, Senior Officer Poupak Bahamin purchased 5,778 shares of the firm's stock in a transaction on Thursday, November 21st. The shares were purchased at an average price of C$25.03 per share, for a total transaction of C$144,645.87. Company insiders own 0.60% of the company's stock.
Barrick Gold Company Profile
(
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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.
Further Reading
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