Barrick Gold Co. (TSE:ABX) Given Consensus Rating of “Moderate Buy” by Brokerages

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) has been assigned a consensus rating of “Moderate Buy” from the nine analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$29.27.

ABX has been the topic of several research reports. Canaccord Genuity Group raised their price objective on Barrick Gold from C$27.00 to C$30.00 in a report on Tuesday. CIBC reaffirmed an “outperform” rating and set a C$31.00 price objective on shares of Barrick Gold in a report on Thursday, February 15th. National Bank Financial reaffirmed a “sector perform overweight” rating on shares of Barrick Gold in a report on Monday, April 8th. Raymond James dropped their price objective on Barrick Gold from C$28.00 to C$24.00 in a report on Friday, February 16th. Finally, Eight Capital raised 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, April 22nd.

Barrick Gold Stock Performance

TSE:ABX opened at C$23.36 on Monday. The firm has a market capitalization of C$41.11 billion, a PE ratio of 23.60, a price-to-earnings-growth ratio of 1.94 and a beta of 0.46. The business’s fifty day moving average price is C$21.93 and its 200 day moving average price is C$22.10. The company has a debt-to-equity ratio of 16.32, a current ratio of 3.16 and a quick ratio of 2.62. Barrick Gold has a 12 month low of C$18.65 and a 12 month high of C$28.19.

Barrick Gold (TSE:ABX) (NYSE:ABX) last posted its earnings results on Wednesday, February 14th. The basic materials company reported C$0.37 EPS for the quarter, beating the consensus estimate of C$0.28 by C$0.09. The firm 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%. On average, sell-side analysts anticipate that Barrick Gold will post 1.196793 earnings per share for the current fiscal year.

Barrick Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were paid a dividend of $0.10 per share. The ex-dividend date was Wednesday, February 28th. This represents a $0.40 annualized dividend and a dividend yield of 1.71%. Barrick Gold’s dividend payout ratio (DPR) is 54.55%.

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.