Shares of Barrick Gold Co. (TSE:ABX - Get Free Report) NYSE: ABX crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 Analyst Weigh In
Several equities research analysts have recently weighed in on ABX shares. UBS Group cut Barrick Gold from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, October 30th. Stifel Nicolaus boosted their price target on shares of Barrick Gold from C$28.50 to C$33.50 in a research report on Monday, October 21st. Argus upgraded Barrick Gold from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 29th. Sanford C. Bernstein reduced their target price on Barrick Gold from C$37.00 to C$36.00 in a research report on Tuesday, November 5th. Finally, TD Securities reissued a "buy" rating and set a C$34.00 price objective on shares of Barrick Gold in a report on Wednesday, October 16th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Barrick Gold presently has an average rating of "Moderate Buy" and a consensus price target of C$31.14.
View Our Latest Stock Report on ABX
Barrick Gold Stock Up 1.1 %
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 stock's 50 day moving average price is C$26.78 and its 200-day moving average price is C$25.12. The company has a market cap of C$43.80 billion, a PE ratio of 21.03, a PEG ratio of 2.34 and a beta of 0.48.
Barrick Gold Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a dividend of $0.135 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.54 annualized dividend and a yield of 2.16%. Barrick Gold's payout ratio is 45.38%.
Insider Transactions at Barrick Gold
In other news, Senior Officer Joel James Holliday sold 20,000 shares of the firm's stock in a transaction that occurred on Friday, September 20th. The shares were 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 firm's stock in a transaction on Thursday, September 26th. The stock was sold at an average price of C$28.10, for a total transaction of C$3,409,485.40. 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.
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