Barrick Gold Corp (ABX) Earns “Neutral” Rating from Eight Capital

Eight Capital restated their neutral rating on shares of Barrick Gold Corp (TSE:ABX) (NYSE:ABX) in a research note issued to investors on Thursday morning.

A number of other brokerages have also recently issued reports on ABX. BMO Capital Markets reiterated a market perform rating and set a C$18.00 target price on shares of Barrick Gold Corp in a report on Friday, October 13th. CSFB decreased their target price on Barrick Gold Corp to C$24.00 and set a neutral rating for the company in a report on Thursday, October 26th. Canaccord Genuity decreased their target price on Barrick Gold Corp from C$30.00 to C$27.50 in a report on Friday, September 29th. Royal Bank Of Canada cut Barrick Gold Corp from an outperform rating to a sector perform rating and decreased their target price for the stock from C$21.00 to C$18.00 in a report on Wednesday, November 1st. Finally, TD Securities decreased their target price on Barrick Gold Corp to C$22.00 and set a hold rating for the company in a report on Monday, November 6th. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Barrick Gold Corp presently has an average rating of Hold and an average price target of C$22.43.

Shares of Barrick Gold Corp (TSE ABX) opened at C$17.96 on Thursday. Barrick Gold Corp has a fifty-two week low of C$17.61 and a fifty-two week high of C$27.19.

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The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be given a dividend of $0.037 per share. The ex-dividend date is Wednesday, November 29th. This is a positive change from Barrick Gold Corp’s previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a yield of 0.82%. Barrick Gold Corp’s payout ratio is 4.62%.

About Barrick Gold Corp

Barrick Gold Corporation (Barrick) is a gold mining company. The Company is principally engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. The Company’s segments include Goldstrike, Cortez, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Acacia Mining plc (Acacia), Pascua-Lama and Other Mines.

Analyst Recommendations for Barrick Gold Corp (TSE:ABX)

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