Barrick Gold Corp (NYSE:B - Get Free Report) TSE: ABX shares hit a new 52-week high during trading on Friday . The stock traded as high as $21.63 and last traded at $21.37, with a volume of 18968859 shares trading hands. The stock had previously closed at $20.93.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on B shares. National Bankshares reissued an "outperform" rating on shares of Barrick Gold in a report on Wednesday, April 2nd. BMO Capital Markets began coverage on Barrick Gold in a research report on Wednesday, April 16th. They set a "market perform" rating for the company. Royal Bank of Canada increased their target price on shares of Barrick Gold from $23.00 to $26.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Raymond James boosted their target price on Barrick Gold from $23.00 to $23.50 and gave the stock an "outperform" rating in a research note on Monday, March 31st. Finally, CIBC raised their price target on Barrick Gold from $22.00 to $24.00 and gave the stock a "neutral" rating in a report on Wednesday, June 11th. Seven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $24.05.
Check Out Our Latest Stock Analysis on B
Barrick Gold Stock Performance
The company has a current ratio of 2.89, a quick ratio of 2.15 and a debt-to-equity ratio of 0.14. The firm has a market cap of $36.71 billion, a PE ratio of 17.41, a P/E/G ratio of 0.44 and a beta of 0.27. The stock's 50 day moving average price is $19.31 and its 200 day moving average price is $17.98.
Barrick Gold (NYSE:B - Get Free Report) TSE: ABX last released its quarterly earnings results on Wednesday, May 7th. The gold and copper producer reported $0.35 EPS for the quarter, topping the consensus estimate of $0.29 by $0.06. Barrick Gold had a return on equity of 6.76% and a net margin of 16.59%. The firm had revenue of $3 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same period in the previous year, the company posted $0.19 EPS. Barrick Gold's revenue for the quarter was up 13.9% on a year-over-year basis. As a group, equities analysts forecast that Barrick Gold Corp will post 1.47 earnings per share for the current fiscal year.
Barrick Gold Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be issued a $0.10 dividend. The ex-dividend date is Friday, May 30th. This represents a $0.40 annualized dividend and a dividend yield of 1.87%. Barrick Gold's dividend payout ratio (DPR) is 30.08%.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Crowley Wealth Management Inc. acquired a new position in shares of Barrick Gold during the 4th quarter valued at about $26,000. Vega Investment Solutions acquired a new stake in Barrick Gold during the 4th quarter worth $31,000. Nexus Investment Management ULC bought a new position in shares of Barrick Gold in the 1st quarter worth $32,000. Cary Street Partners Investment Advisory LLC acquired a new position in shares of Barrick Gold in the 1st quarter valued at $32,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in Barrick Gold in the fourth quarter valued at about $37,000. 90.82% of the stock is owned by hedge funds and other institutional investors.
About Barrick Gold
(
Get Free Report)
Barrick Gold Corporation is a sector-leading gold and copper producer. Its shares trade on the New York Stock Exchange under the symbol GOLD and on the Toronto Stock Exchange under the symbol ABX.
In January 2019 Barrick merged with Randgold Resources and in July that year it combined its gold mines in Nevada, USA, with those of Newmont Corporation in a joint venture, Nevada Gold Mines, which is majority-owned and operated by Barrick.
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