Barrick Gold (TSE:ABX) Stock Crosses Below 200-Day Moving Average of $23.46

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$23.46 and traded as low as C$22.38. Barrick Gold shares last traded at C$22.52, with a volume of 1,525,031 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. National Bankshares cut their price target on shares of Barrick Gold from C$31.00 to C$29.00 and set a “sector perform” rating for the company in a report on Friday, July 21st. Veritas Investment Research upgraded Barrick Gold from a “reduce” rating to a “buy” rating in a research report on Friday, June 2nd. Canaccord Genuity Group lowered their price target on Barrick Gold from C$33.00 to C$30.00 and set a “buy” rating on the stock in a research report on Monday, July 24th. Finally, TD Securities reissued a “buy” rating and set a C$34.00 price target on shares of Barrick Gold in a research note on Tuesday, August 8th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Barrick Gold presently has an average rating of “Moderate Buy” and an average target price of C$28.45.

Barrick Gold Stock Performance

The company has a current ratio of 3.25, a quick ratio of 2.62 and a debt-to-equity ratio of 15.16. The business has a fifty day moving average of C$22.17 and a 200-day moving average of C$23.46. The company has a market cap of C$39.64 billion, a PE ratio of -450.40, a P/E/G ratio of 1.18 and a beta of 0.18.

Barrick Gold (TSE:ABX) (NYSE:ABX) last posted its earnings results on Tuesday, August 8th. The basic materials company reported C$0.26 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.22 by C$0.04. The firm had revenue of C$3.81 billion for the quarter, compared to the consensus estimate of C$4.57 billion. Barrick Gold had a positive return on equity of 1.14% and a negative net margin of 0.64%. Equities research analysts anticipate that Barrick Gold Co. will post 1.5686411 earnings per share for the current fiscal year.

Barrick Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were issued a dividend of $0.132 per share. This represents a $0.53 annualized dividend and a dividend yield of 2.34%. This is a boost from Barrick Gold’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Wednesday, August 30th. Barrick Gold’s payout ratio is presently -1,220.00%.

Insider Transactions at Barrick Gold

In other news, Senior Officer Jonas Peter Haddock Richardson acquired 23,132 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was acquired at an average price of C$16.14 per share, with a total value of C$373,350.48. Corporate insiders own 0.63% of the company’s stock.

Barrick Gold Company Profile

Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties. It has ownership interests in producing gold mines that are located in Argentina, Canada, Côte d'Ivoire, the Democratic Republic of Congo, the Dominican Republic, Mali, Tanzania, and the United States.