Barrick Gold (TSE:ABX) Stock Price Passes Above 200-Day Moving Average of $22.35

Barrick Gold Co. (TSE:ABX) (NYSE:ABX)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$22.35 and traded as high as C$23.29. Barrick Gold shares last traded at C$23.07, with a volume of 3,302,939 shares changing hands.

Analyst Ratings Changes

A number of brokerages recently issued reports on ABX. Berenberg Bank increased their target price on shares of Barrick Gold from C$29.00 to C$31.00 in a research report on Monday, April 8th. TD Securities reissued a “buy” rating and issued a C$34.00 target price on shares of Barrick Gold in a report on Wednesday, May 1st. Eight Capital increased their price target on Barrick Gold from C$32.00 to C$36.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. National Bank Financial reiterated a “sector perform overweight” rating on shares of Barrick Gold in a research report on Monday, April 8th. Finally, Stifel Nicolaus increased 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. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$29.73.

Barrick Gold Trading Down 1.1 %

The business’s 50 day simple moving average is C$23.06 and its 200-day simple moving average is C$22.35. The company has a debt-to-equity ratio of 14.67, a current ratio of 3.32 and a quick ratio of 2.62. The stock has a market capitalization of C$40.16 billion, a P/E ratio of 20.19, a PEG ratio of 1.94 and a beta of 0.46.

Barrick Gold (TSE:ABX) (NYSE:ABX) last posted its quarterly earnings results on Wednesday, May 1st. The basic materials company reported C$0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.22 by C$0.04. The business had revenue of C$3.70 billion for the quarter, compared to analyst estimates of C$3.98 billion. Barrick Gold had a return on equity of 6.83% and a net margin of 12.58%. As a group, analysts forecast that Barrick Gold Co. will post 1.4494519 EPS for the current 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 paid a $0.135 dividend. The ex-dividend date was Friday, May 31st. This is a boost from Barrick Gold’s previous quarterly dividend of $0.10. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.37%. Barrick Gold’s dividend payout ratio is 48.67%.

Insider Buying and Selling

In other news, Director Andrew James Quinn sold 36,000 shares of the business’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of C$23.00, for a total value of C$828,000.00. 0.61% of the stock is owned by 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.