Barrick Gold Co. (TSE:ABX) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Barrick Gold Co. (TSE:ABX) (NYSE:ABX) have been given a consensus recommendation of “Moderate Buy” by the eleven analysts that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$30.17.

Several brokerages have weighed in on ABX. Stifel Nicolaus lowered their target price on Barrick Gold from C$33.50 to C$32.00 in a research note on Monday, December 2nd. Royal Bank of Canada lifted their price objective on shares of Barrick Gold to C$21.00 and gave the company a “buy” rating in a research report on Friday, December 20th. TD Securities restated a “buy” rating and set a C$34.00 price objective on shares of Barrick Gold in a research report on Wednesday, October 16th. Cibc World Mkts cut shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 25th. Finally, Sanford C. Bernstein dropped their price target on shares of Barrick Gold from C$37.00 to C$36.00 in a research note on Tuesday, November 5th.

Barrick Gold Price Performance

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

Barrick Gold Cuts Dividend

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

Insider Buying and Selling at Barrick Gold

In related news, Senior Officer Poupak Bahamin sold 2,500 shares of the 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. Also, Director Dennis Mark Bristow bought 85,296 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were acquired at an average price of C$25.03 per share, with a total value of C$2,135,291.53. 0.60% of the stock is owned by corporate 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.