Barrick Gold (TSE:ABX) Price Target Increased to C$27.00 by Analysts at Stifel Nicolaus

Barrick Gold (TSE:ABX) (NYSE:ABX) had its price target hoisted by Stifel Nicolaus from C$25.00 to C$27.00 in a research note issued to investors on Friday, BayStreet.CA reports. The brokerage currently has a buy rating on the basic materials company’s stock.

Other analysts have also issued reports about the company. TD Securities reissued a buy rating and set a C$29.00 target price on shares of Barrick Gold in a report on Tuesday. National Bank Financial reaffirmed a sector perform overweight rating on shares of Barrick Gold in a research note on Monday, April 8th. Sanford C. Bernstein raised their price objective on Barrick Gold from C$31.00 to C$32.00 and gave the company an outperform rating in a research note on Thursday. Raymond James reduced their price objective on Barrick Gold from C$28.00 to C$24.00 in a research note on Friday, February 16th. Finally, Veritas Investment Research raised their price objective on Barrick Gold from C$20.70 to C$25.00 in a research note on Friday, April 12th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of C$28.60.

Barrick Gold Stock Performance

ABX opened at C$23.53 on Friday. The firm has a market cap of C$41.41 billion, a P/E ratio of 23.77, a price-to-earnings-growth ratio of 1.94 and a beta of 0.46. Barrick Gold has a 52-week low of C$18.65 and a 52-week high of C$28.19. 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 business’s fifty day moving average is C$21.59 and its 200-day moving average is C$21.99.

Barrick Gold (TSE:ABX) (NYSE:ABX) last released its earnings results on Wednesday, February 14th. The basic materials company reported C$0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.28 by C$0.09. The company had revenue of C$4.16 billion for the quarter, compared to analyst estimates of C$4.28 billion. Barrick Gold had a return on equity of 6.17% and a net margin of 11.16%. Sell-side analysts expect that Barrick Gold will post 1.196793 EPS for the current fiscal year.

Barrick Gold Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were given a $0.10 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $0.40 annualized dividend and a yield of 1.70%. Barrick Gold’s dividend payout ratio is presently 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.