Shares of Barrick Gold Co. (TSE:ABX - Get Free Report) NYSE: ABX passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$25.21 and traded as low as C$22.30. Barrick Gold shares last traded at C$22.60, with a volume of 2,426,498 shares.
Analysts Set New Price Targets
Several research firms have commented on ABX. Cibc World Mkts cut Barrick Gold from a "strong-buy" rating to a "hold" rating in a report on Monday, November 25th. UBS Group lowered Barrick Gold from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, October 30th. TD Securities reissued a "buy" rating and issued a C$34.00 price target on shares of Barrick Gold in a report on Wednesday, October 16th. Royal Bank of Canada raised their price objective on shares of Barrick Gold to C$21.00 and gave the stock a "buy" rating in a report on Friday, December 20th. Finally, Sanford C. Bernstein lowered their target price on shares of Barrick Gold from C$37.00 to C$36.00 in a research note on Tuesday, November 5th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of C$30.17.
View Our Latest Analysis on Barrick Gold
Barrick Gold Stock Performance
The stock has a 50-day moving average of C$24.92 and a 200 day moving average of C$25.22. The company has a debt-to-equity ratio of 14.54, a quick ratio of 2.62 and a current ratio of 3.01. The firm has a market capitalization of C$39.55 billion, a P/E ratio of 18.99, a price-to-earnings-growth ratio of 2.34 and a beta of 0.48.
Barrick Gold Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were paid 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 dividend yield of 2.39%. Barrick Gold's dividend payout ratio (DPR) is presently 45.38%.
Insider Activity at Barrick Gold
In related news, Senior Officer Poupak Bahamin sold 2,500 shares of the firm's stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of C$24.49, for a total value of C$61,215.00. Also, Director Dennis Mark Bristow acquired 85,296 shares of the company's stock in a transaction that occurred on Thursday, November 21st. The stock was bought at an average price of C$25.03 per share, with a total value of C$2,135,291.53. 0.60% of the stock is currently owned by company insiders.
About Barrick Gold
(
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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.
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