Barrick Gold Co. (TSE:ABX) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Barrick Gold Co. (TSE:ABX) (NYSE:ABX) have received an average rating of “Moderate Buy” from the nine analysts that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$31.14.

A number of brokerages recently commented on ABX. TD Securities reiterated a “buy” rating and set a C$34.00 price objective on shares of Barrick Gold in a research report on Wednesday, October 16th. UBS Group lowered Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th. Canaccord Genuity Group upped their price objective on shares of Barrick Gold from C$31.00 to C$33.00 in a report on Tuesday, July 23rd. Eight Capital lifted their target price on shares of Barrick Gold from C$36.00 to C$38.00 in a research note on Thursday, July 11th. Finally, Stifel Nicolaus increased their price target on shares of Barrick Gold from C$28.50 to C$33.50 in a research note on Monday, October 21st.

Insider Activity at Barrick Gold

In other news, Director Andrew James Quinn bought 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The shares were purchased at an average cost of C$26.00 per share, for a total transaction of C$129,999.00. In related news, Director Christopher Lewis Coleman sold 121,334 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of C$28.10, for a total transaction of C$3,409,485.40. Also, Director Andrew James Quinn purchased 5,000 shares of the company’s stock in a transaction on Wednesday, August 14th. The stock was bought at an average price of C$26.00 per share, for a total transaction of C$129,999.00. Over the last quarter, insiders sold 235,334 shares of company stock worth $5,741,477. Corporate insiders own 0.60% of the company’s stock.

Barrick Gold Price Performance

Barrick Gold stock opened at C$25.63 on Friday. The company has a debt-to-equity ratio of 14.54, a quick ratio of 2.62 and a current ratio of 3.01. The company’s fifty day moving average price is C$27.37 and its 200 day moving average price is C$25.07. The stock has a market capitalization of C$44.85 billion, a P/E ratio of 21.54, a P/E/G ratio of 2.34 and a beta of 0.48. Barrick Gold has a 1 year low of C$18.65 and a 1 year high of C$29.50.

Barrick Gold (TSE:ABX) (NYSE:ABX) last released its quarterly earnings results on Monday, August 12th. The basic materials company reported C$0.44 earnings per share for the quarter, topping the consensus estimate of C$0.36 by C$0.08. The firm had revenue of C$4.33 billion during the quarter, compared to the consensus estimate of C$4.12 billion. Barrick Gold had a net margin of 12.78% and a return on equity of 7.20%. As a group, equities research analysts anticipate that Barrick Gold will post 2.2422764 earnings per share for the current fiscal year.

Barrick Gold Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were paid a dividend of $0.138 per share. The ex-dividend date was Friday, August 30th. This is a positive change from Barrick Gold’s previous quarterly dividend of $0.14. This represents a $0.55 dividend on an annualized basis and a yield of 2.15%. Barrick Gold’s dividend payout ratio is 45.38%.

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.