Barrick Gold Co. (TSE:ABX - Get Free Report) NYSE: ABX shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$25.12 and traded as high as C$25.19. Barrick Gold shares last traded at C$25.03, with a volume of 2,415,691 shares changing hands.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on ABX shares. UBS Group downgraded Barrick Gold from a "strong-buy" rating to a "hold" rating in a report on Wednesday, October 30th. Sanford C. Bernstein dropped their target price on Barrick Gold from C$37.00 to C$36.00 in a report on Tuesday, November 5th. TD Securities reiterated a "buy" rating and issued a C$34.00 target price on shares of Barrick Gold in a report on Wednesday, October 16th. Stifel Nicolaus increased their price objective on Barrick Gold from C$28.50 to C$33.50 in a report on Monday, October 21st. Finally, Argus upgraded Barrick Gold from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 29th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Barrick Gold has an average rating of "Moderate Buy" and an average price target of C$31.14.
View Our Latest Stock Analysis on ABX
Barrick Gold Stock Up 1.2 %
The company has a quick ratio of 2.62, a current ratio of 3.01 and a debt-to-equity ratio of 14.54. The company has a market capitalization of C$44.35 billion, a P/E ratio of 21.03, a PEG ratio of 2.34 and a beta of 0.48. The firm has a 50-day moving average price of C$26.78 and a two-hundred day moving average price of C$25.12.
Barrick Gold Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a $0.135 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.54 annualized dividend and a yield of 2.13%. Barrick Gold's dividend payout ratio (DPR) is currently 45.38%.
Insider Buying and Selling
In related news, Senior Officer Joel James Holliday sold 20,000 shares of the firm's stock in a transaction on Friday, September 20th. The stock was sold at an average price of C$27.36, for a total value of C$547,298.10. Also, Director Christopher Lewis Coleman sold 121,334 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of C$28.10, for a total value of C$3,409,485.40. 0.60% of the stock is owned by company insiders.
About Barrick Gold
(
Get Free Report)
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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