Brokerages Set Barrick Gold Co. (TSE:ABX) PT at C$30.17

Shares of Barrick Gold Co. (TSE:ABX) (NYSE:ABX) have earned a consensus rating of “Moderate Buy” from the eleven research firms that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$30.17.

Several equities research analysts recently issued reports on the company. Sanford C. Bernstein cut their price objective on Barrick Gold from C$37.00 to C$36.00 in a report on Tuesday, November 5th. UBS Group lowered shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Royal Bank of Canada raised their price objective on shares of Barrick Gold to C$21.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Cibc World Mkts downgraded shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 25th. Finally, Stifel Nicolaus decreased their price target on shares of Barrick Gold from C$33.50 to C$32.00 in a research report on Monday, December 2nd.

Barrick Gold Stock Down 0.5 %

Barrick Gold stock opened at C$22.90 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 firm has a 50 day moving average price of C$24.40 and a 200 day moving average price of C$25.18. Barrick Gold has a fifty-two week low of C$18.65 and a fifty-two week high of C$29.50. The company has a market capitalization of C$40.08 billion, a PE ratio of 19.24, a price-to-earnings-growth ratio of 2.34 and a beta of 0.48.

Barrick Gold Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were issued a $0.135 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.36%. Barrick Gold’s payout ratio is currently 45.38%.

Insider Buying and Selling

In other news, Director Dennis Mark Bristow bought 85,296 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were acquired at an average price of C$25.03 per share, for a total transaction of C$2,135,291.53. Also, Senior Officer Poupak Bahamin sold 2,500 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of C$24.49, for a total value of C$61,215.00. 0.60% of the stock is owned by company insiders.

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.