Canaccord Genuity Group Lowers Barrick Gold (TSE:ABX) Price Target to C$30.00

Barrick Gold (TSE:ABX - Free Report) NYSE: ABX had its price target trimmed by Canaccord Genuity Group from C$33.50 to C$30.00 in a report issued on Wednesday,BayStreet.CA reports.

ABX has been the topic of a number of other research reports. Sanford C. Bernstein dropped their price target on shares of Barrick Gold from C$37.00 to C$36.00 in a research note on Tuesday, November 5th. Stifel Nicolaus decreased their price objective on Barrick Gold from C$33.50 to C$32.00 in a research note on Monday, December 2nd. Cibc World Mkts lowered shares of Barrick Gold from a "strong-buy" rating to a "hold" rating in a report on Monday, November 25th. Royal Bank of Canada lifted their price target on shares of Barrick Gold to C$21.00 and gave the company a "buy" rating in a report on Friday, December 20th. Finally, UBS Group lowered Barrick Gold from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, October 30th. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of C$30.57.

Barrick Gold Stock Up 1.5 %

TSE ABX traded up C$0.33 during trading hours on Wednesday, reaching C$22.69. 3,677,103 shares of the company's stock traded hands, compared to its average volume of 3,335,238. Barrick Gold has a 52-week low of C$18.65 and a 52-week high of C$29.50. The company has a debt-to-equity ratio of 14.54, a current ratio of 3.01 and a quick ratio of 2.62. The firm has a 50-day simple moving average of C$23.65 and a 200 day simple moving average of C$25.19. The firm has a market cap of C$39.71 billion, a PE ratio of 19.07, a PEG ratio of 2.34 and a beta of 0.48.

Barrick Gold Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were given a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend was Friday, November 29th. Barrick Gold's dividend payout ratio is currently 45.38%.

Insider Activity at Barrick Gold

In other Barrick Gold news, Director Dennis Mark Bristow bought 85,296 shares of the company's stock in a transaction on Thursday, November 21st. The stock was acquired at an average price of C$25.03 per share, for a total transaction of C$2,135,291.53. Also, Senior Officer Poupak Bahamin bought 5,778 shares of the business's stock in a transaction dated Thursday, November 21st. The shares were acquired at an average cost of C$25.03 per share, for a total transaction of C$144,645.87. 0.60% of the stock is currently owned by insiders.

About Barrick Gold

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.