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

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) has been assigned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$29.73.

A number of analysts recently weighed in on the stock. Eight Capital raised their target price on shares of Barrick Gold from C$32.00 to C$36.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. 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. Stifel Nicolaus lifted their target price 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 reduced their target price 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, Canaccord Genuity Group lifted their price target on Barrick Gold from C$27.00 to C$30.00 in a research note on Tuesday, April 23rd.

Barrick Gold Stock Up 0.6 %

ABX opened at C$22.15 on Tuesday. The company has a debt-to-equity ratio of 14.67, a quick ratio of 2.62 and a current ratio of 3.32. The company has a market capitalization of C$38.98 billion, a PE ratio of 19.60, a P/E/G ratio of 1.94 and a beta of 0.46. The stock’s fifty day moving average is C$23.25 and its 200-day moving average is C$22.37. Barrick Gold has a one year low of C$18.65 and a one year high of C$26.05.

Barrick Gold (TSE:ABX) (NYSE:ABX) last issued its quarterly earnings results on Wednesday, May 1st. The basic materials company reported C$0.26 EPS for the quarter, topping the consensus estimate of C$0.22 by C$0.04. Barrick Gold had a net margin of 12.58% and a return on equity of 6.83%. The firm had revenue of C$3.70 billion for the quarter, compared to analysts’ expectations of C$3.98 billion. On average, equities analysts predict that Barrick Gold will post 1.4494519 EPS for the current fiscal year.

Barrick Gold Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Friday, May 31st were given a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.44%. This is a positive change from Barrick Gold’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Friday, May 31st. Barrick Gold’s dividend payout ratio is 48.67%.

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.