Barrick Gold Corp (TSE:ABX) (NYSE:ABX)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $20.61 and traded as high as $23.46. Barrick Gold shares last traded at $22.56, with a volume of 3,361,610 shares trading hands.
ABX has been the subject of a number of recent analyst reports. BMO Capital Markets restated an “outperform” rating and issued a C$20.00 price objective on shares of Barrick Gold in a research note on Thursday, July 4th. National Bank Financial restated an “outperform” rating and issued a C$31.00 price objective on shares of Barrick Gold in a research note on Friday, October 4th. Macquarie restated an “outperform” rating and issued a C$28.50 price objective on shares of Barrick Gold in a research note on Friday, September 13th. Eight Capital upped their price objective on Barrick Gold from C$20.00 to C$28.00 in a research note on Thursday, August 8th. Finally, Canaccord Genuity upped their price objective on Barrick Gold from C$21.00 to C$22.00 in a research note on Monday, September 16th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Barrick Gold presently has a consensus rating of “Buy” and a consensus target price of C$22.22.
The company has a debt-to-equity ratio of 31.45, a quick ratio of 1.45 and a current ratio of 2.72. The company has a market cap of $41.73 billion and a P/E ratio of -25.15. The firm has a 50 day moving average price of C$24.23 and a two-hundred day moving average price of C$20.61.
Barrick Gold (TSE:ABX) (NYSE:ABX) last posted its quarterly earnings results on Monday, August 12th. The basic materials company reported C$0.12 earnings per share for the quarter, missing the consensus estimate of C$0.13 by C($0.01). The firm had revenue of C$2.76 billion during the quarter, compared to the consensus estimate of C$2.78 billion. On average, sell-side analysts predict that Barrick Gold Corp will post 0.49 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were paid a dividend of $0.053 per share. The ex-dividend date was Thursday, August 29th. This represents a $0.21 annualized dividend and a dividend yield of 0.94%. Barrick Gold’s payout ratio is -19.02%.
In other news, Senior Officer Mark Francis Hill purchased 20,373 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was bought at an average price of C$24.03 per share, for a total transaction of C$489,563.19. Following the purchase, the insider now owns 38,826 shares of the company’s stock, valued at C$932,988.78.
A hedge fund recently bought a new stake in Barrick Gold stock. Westwood Holdings Group Inc. bought a new position in Barrick Gold Corp (TSE:ABX) (NYSE:ABX) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 109,562 shares of the basic materials company’s stock, valued at approximately $1,502,000.
About Barrick Gold (TSE:ABX)
Barrick Gold Corporation explores for and develops mineral properties. The company primarily explores for gold, copper, and silver deposits. It holds a 50% interest in the Veladero, a gold mine located in Argentina; 50% interest in the Kalgoorlie gold mine located in Australia; 95% interest in the Porgera 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 copper mine located in Saudi Arabia.
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