Barrick Gold Co. (TSE:ABX) Announces $0.14 Quarterly Dividend

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) announced a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Investors of record on Friday, November 29th will be paid a dividend of 0.135 per share by the basic materials company on Monday, December 16th. This represents a $0.54 annualized dividend and a dividend yield of 2.11%. The ex-dividend date is Friday, November 29th.

Barrick Gold Price Performance

Shares of TSE:ABX opened at C$25.63 on Friday. The company has a current ratio of 3.01, a quick ratio of 2.62 and a debt-to-equity ratio of 14.54. Barrick Gold has a 1 year low of C$18.65 and a 1 year high of C$29.50. The business has a fifty day simple moving average of C$27.37 and a 200 day simple moving average of C$25.07. The firm has a market cap of C$44.85 billion, a price-to-earnings ratio of 21.54, a P/E/G ratio of 2.34 and a beta of 0.48.

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

Insider Activity

In other news, Director Andrew James Quinn bought 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were acquired at an average cost of C$26.00 per share, with a total value of C$129,999.00. In other news, Director Andrew James Quinn bought 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were acquired at an average cost of C$26.00 per share, with a total value of C$129,999.00. Also, Director Christopher Lewis Coleman sold 121,334 shares of Barrick Gold stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of C$28.10, for a total value of C$3,409,485.40. Over the last ninety days, insiders have sold 235,334 shares of company stock valued at $5,741,477. 0.60% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. UBS Group lowered Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th. Canaccord Genuity Group raised their target price on Barrick Gold from C$31.00 to C$33.00 in a report on Tuesday, July 23rd. Stifel Nicolaus raised their target price on Barrick Gold from C$28.50 to C$33.50 in a report on Monday, October 21st. Eight Capital raised their target price on Barrick Gold from C$36.00 to C$38.00 in a report on Thursday, July 11th. Finally, TD Securities reaffirmed a “buy” rating and issued a C$34.00 price target on shares of Barrick Gold in a research report on Wednesday, October 16th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$31.14.

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.