Brokerages Set Barrick Gold Co. (TSE:ABX) PT at C$28.60

Shares of Barrick Gold Co. (TSE:ABX) (NYSE:ABX) have been given an average rating of “Moderate Buy” by the nine analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$29.27.

ABX has been the subject of several analyst reports. Sanford C. Bernstein boosted their price target on Barrick Gold from C$31.00 to C$32.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. Eight Capital upped their price objective on Barrick Gold from C$32.00 to C$36.00 and gave the stock a “buy” rating in a report on Monday. Stifel Nicolaus upped their price objective on Barrick Gold from C$25.00 to C$27.00 and gave the stock a “buy” rating in a report on Friday, April 19th. National Bankshares dropped their price objective on Barrick Gold from C$30.00 to C$28.00 and set a “sector perform” rating for the company in a report on Friday, April 19th. Finally, CIBC restated an “outperform” rating and set a C$31.00 price objective on shares of Barrick Gold in a report on Thursday, February 15th.

Barrick Gold Trading Down 0.7 %

Shares of ABX opened at C$22.63 on Monday. The stock has a fifty day moving average of C$21.79 and a two-hundred day moving average of C$22.07. The company has a debt-to-equity ratio of 16.32, a quick ratio of 2.62 and a current ratio of 3.16. The company has a market capitalization of C$39.83 billion, a PE ratio of 22.86, a price-to-earnings-growth ratio of 1.94 and a beta of 0.46. Barrick Gold has a fifty-two week low of C$18.65 and a fifty-two week high of C$28.19.

Barrick Gold (TSE:ABX) (NYSE:ABX) last issued its quarterly earnings results on Wednesday, February 14th. The basic materials company reported C$0.37 earnings per share for the quarter, beating the consensus estimate of C$0.28 by C$0.09. The company had revenue of C$4.16 billion during the quarter, compared to the consensus estimate of C$4.28 billion. Barrick Gold had a return on equity of 6.17% and a net margin of 11.16%. As a group, analysts forecast that Barrick Gold will post 1.196793 EPS for the current year.

Barrick Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, February 28th. This represents a $0.40 dividend on an annualized basis and a yield of 1.77%. Barrick Gold’s dividend payout ratio (DPR) is 54.55%.

About Barrick Gold

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.