Shares of Barrick Gold Corp (TSE:ABX) (NYSE:ABX) have been assigned a consensus rating of “Hold” from the eight analysts that are currently covering the company, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$21.00.
A number of brokerages have weighed in on ABX. Desjardins decreased their target price on Barrick Gold from C$19.50 to C$19.00 in a research report on Wednesday, February 21st. Canaccord Genuity decreased their target price on Barrick Gold from C$27.00 to C$22.50 in a research report on Friday, February 23rd. Finally, BMO Capital Markets set a C$15.00 target price on Barrick Gold and gave the stock a “market perform” rating in a research report on Thursday, February 15th.
In other Barrick Gold news, insider Kevin James Thomson bought 10,000 shares of the firm’s stock in a transaction on Tuesday, March 20th. The stock was acquired at an average price of C$15.60 per share, with a total value of C$156,000.00. Also, insider Mark Francis Hill bought 9,000 shares of the firm’s stock in a transaction on Friday, April 27th. The stock was acquired at an average cost of C$17.70 per share, with a total value of C$159,300.00. In the last three months, insiders acquired 83,408 shares of company stock valued at $1,415,592.
Shares of Barrick Gold traded up C$0.29, hitting C$17.25, during trading hours on Friday, according to MarketBeat Ratings. The company had a trading volume of 2,241,815 shares, compared to its average volume of 2,558,988. Barrick Gold has a 52-week low of C$14.26 and a 52-week high of C$22.70.
Barrick Gold (TSE:ABX) (NYSE:ABX) last posted its quarterly earnings results on Monday, April 23rd. The company reported C$0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.19 by C($0.01). The company had revenue of C$2.26 billion during the quarter, compared to analysts’ expectations of C$2.25 billion. Barrick Gold had a negative return on equity of 27.89% and a negative net margin of 36.36%.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Thursday, May 31st will be given a $0.039 dividend. This is a positive change from Barrick Gold’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Wednesday, May 30th. This represents a $0.16 dividend on an annualized basis and a yield of 0.90%.
About Barrick Gold
Barrick Gold Corporation engages in the exploration and development of mineral properties. It primarily explores for gold and copper deposits. The company holds a 50% interest in the Veladero mine located in the San Juan Province of Argentina; 50% interest in the KCGM, a gold mine located in Australia; 95% interest in Porgera, a gold mine located in Papua New Guinea; 50% interest in the Zaldívar, a copper mine located in Chile; and 50% interest in the Jabal Sayid, a copper mine located in Saudi Arabia.
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