National Bankshares Issues Pessimistic Forecast for Barrick Gold (TSE:ABX) Stock Price

Barrick Gold (TSE:ABX - Free Report) NYSE: ABX had its target price decreased by National Bankshares from C$26.00 to C$24.00 in a report issued on Thursday morning,BayStreet.CA reports. National Bankshares currently has a sector perform rating on the basic materials company's stock.

Other equities research analysts have also issued reports about the company. Canaccord Genuity Group reduced their price objective on Barrick Gold from C$33.50 to C$30.00 in a research note on Wednesday. Sanford C. Bernstein cut their price target on Barrick Gold from C$37.00 to C$36.00 in a report on Tuesday, November 5th. TD Cowen reaffirmed a "buy" rating and issued a C$36.00 price objective on shares of Barrick Gold in a research note on Tuesday. Cibc World Mkts downgraded Barrick Gold from a "strong-buy" rating to a "hold" rating in a research note on Monday, November 25th. Finally, TD Securities restated a "buy" rating and set a C$34.00 target price on shares of Barrick Gold in a research note on Wednesday, October 16th. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$30.38.

Barrick Gold Stock Performance

ABX traded up C$0.50 during mid-day trading on Thursday, reaching C$23.14. 2,968,631 shares of the company traded hands, compared to its average volume of 3,182,791. The company's fifty day moving average price is C$23.53 and its 200-day moving average price is C$25.19. The stock has a market capitalization of C$40.50 billion, a P/E ratio of 19.45, a P/E/G ratio of 2.34 and a beta of 0.48. The company has a quick ratio of 2.62, a current ratio of 3.01 and a debt-to-equity ratio of 14.54. Barrick Gold has a 52-week low of C$18.65 and a 52-week high of C$29.50.

Barrick Gold Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were paid a $0.135 dividend. This represents a $0.54 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend was Friday, November 29th. Barrick Gold's payout ratio is currently 45.38%.

Insider Buying and Selling at Barrick Gold

In other Barrick Gold news, Director Dennis Mark Bristow purchased 85,296 shares of the firm's stock in a transaction that occurred 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 acquired 5,778 shares of the stock in a transaction on Thursday, November 21st. The shares were acquired at an average price of C$25.03 per share, with a total value of C$144,645.87. Insiders own 0.60% of the company's stock.

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.