Barrick Gold Co. (TSE:ABX) Receives Average Recommendation of “Moderate Buy” from Brokerages

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) has earned an average rating of “Moderate Buy” from the eight brokerages that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$28.60.

A number of equities research analysts recently issued reports on the stock. National Bankshares dropped their price objective on shares of Barrick Gold from C$30.00 to C$28.00 and set a “sector perform” rating for the company in a report on Friday. Sanford C. Bernstein raised their price target on shares of Barrick Gold from C$31.00 to C$32.00 and gave the stock an “outperform” rating in a report on Thursday. CIBC reiterated an “outperform” rating and issued a C$31.00 price objective on shares of Barrick Gold in a report on Thursday, February 15th. National Bank Financial reiterated a “sector perform overweight” rating on shares of Barrick Gold in a research report on Monday, April 8th. Finally, Veritas Investment Research lifted their target price on Barrick Gold from C$20.70 to C$25.00 in a research report on Friday, April 12th.

Barrick Gold Stock Up 0.6 %

ABX stock opened at C$23.53 on Monday. The company has a market cap of C$41.41 billion, a price-to-earnings ratio of 23.77, a PEG ratio of 1.94 and a beta of 0.46. The firm has a 50-day moving average of C$21.59 and a two-hundred day moving average of C$22.03. Barrick Gold has a 12 month low of C$18.65 and a 12 month high of C$28.19. The company has a current ratio of 3.16, a quick ratio of 2.62 and a debt-to-equity ratio of 16.32.

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

Barrick Gold Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, February 28th. This represents a $0.40 annualized dividend and a dividend yield of 1.70%. Barrick Gold’s dividend payout ratio is currently 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.