TD Securities Reiterates “Buy” Rating for Barrick Gold (TSE:ABX)

TD Securities reiterated their buy rating on shares of Barrick Gold (TSE:ABX) (NYSE:ABX) in a report released on Tuesday, Stock Target Advisor reports. The firm currently has a C$29.00 price target on the basic materials company’s stock.

Several other equities research analysts have also recently issued reports on ABX. National Bankshares cut their price objective on shares of Barrick Gold from C$29.00 to C$28.00 and set a sector perform rating for the company in a research report on Tuesday, February 6th. Veritas Investment Research lifted their price target on shares of Barrick Gold from C$20.70 to C$25.00 in a research report on Friday, April 12th. National Bank Financial reiterated a sector perform overweight rating on shares of Barrick Gold in a research report on Monday, April 8th. Berenberg Bank raised their target price on Barrick Gold from C$29.00 to C$31.00 in a research note on Monday, April 8th. Finally, CIBC reaffirmed an outperform rating and issued a C$31.00 price target on shares of Barrick Gold in a research note on Thursday, February 15th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of C$28.10.

Barrick Gold Price Performance

ABX stock opened at C$22.78 on Tuesday. Barrick Gold has a 1 year low of C$18.65 and a 1 year high of C$28.19. The company has a debt-to-equity ratio of 16.32, a current ratio of 3.16 and a quick ratio of 2.62. The firm has a market capitalization of C$40.09 billion, a PE ratio of 23.01, a price-to-earnings-growth ratio of 1.94 and a beta of 0.46. The business has a 50 day simple moving average of C$21.39 and a 200-day simple moving average of C$21.95.

Barrick Gold (TSE:ABX) (NYSE:ABX) last released its quarterly earnings data on Wednesday, February 14th. The basic materials company reported C$0.37 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.28 by C$0.09. Barrick Gold had a return on equity of 6.17% and a net margin of 11.16%. The company had revenue of C$4.16 billion for the quarter, compared to analyst estimates of C$4.28 billion. Equities research analysts anticipate that Barrick Gold will post 1.196793 earnings per share for the current fiscal year.

Barrick Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were issued a $0.10 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $0.40 annualized dividend and a dividend yield of 1.76%. Barrick Gold’s dividend payout ratio is presently 54.55%.

Barrick Gold Company Profile

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.