Barrick Gold (NYSE:GOLD) Stock Price Down 2.9%

Barrick Gold Corp (NYSE:GOLD - Get Free Report) TSE: ABX's stock price fell 2.9% during mid-day trading on Tuesday . The company traded as low as $16.81 and last traded at $16.81. 8,041,885 shares were traded during mid-day trading, a decline of 65% from the average session volume of 22,825,068 shares. The stock had previously closed at $17.32.

Wall Street Analyst Weigh In

A number of research firms have commented on GOLD. Argus reiterated a "hold" rating on shares of Barrick Gold in a report on Monday, February 26th. BMO Capital Markets reduced their price objective on Barrick Gold from $27.00 to $26.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 17th. Royal Bank of Canada restated an "outperform" rating and issued a $18.00 target price on shares of Barrick Gold in a report on Monday, March 4th. Raymond James reduced their price target on Barrick Gold from $24.00 to $23.00 and set an "outperform" rating on the stock in a report on Thursday, February 15th. Finally, National Bank Financial reissued a "sector perform overweight" rating on shares of Barrick Gold in a report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Barrick Gold has a consensus rating of "Moderate Buy" and an average price target of $20.06.

Barrick Gold Stock Down 4.0 %

The business has a 50 day simple moving average of $16.23 and a 200 day simple moving average of $16.34. The company has a market capitalization of $29.21 billion, a price-to-earnings ratio of 23.10, a PEG ratio of 1.50 and a beta of 0.58. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.16 and a quick ratio of 2.40.

Barrick Gold (NYSE:GOLD - Get Free Report) TSE: ABX last posted its quarterly earnings data on Wednesday, February 14th. The gold and copper producer reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.06. The firm had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.13 billion. Barrick Gold had a return on equity of 4.64% and a net margin of 11.16%. During the same quarter in the previous year, the business earned $0.13 EPS. As a group, equities analysts predict that Barrick Gold Corp will post 0.95 earnings per share for the current fiscal year.

Barrick Gold Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were issued a $0.074 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend was Wednesday, February 28th. Barrick Gold's dividend payout ratio (DPR) is currently 55.56%.

Institutional Trading of Barrick Gold

A number of large investors have recently modified their holdings of the stock. Principal Securities Inc. purchased a new stake in shares of Barrick Gold during the fourth quarter worth approximately $26,000. EverSource Wealth Advisors LLC increased its position in shares of Barrick Gold by 175.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,794 shares of the gold and copper producer's stock valued at $32,000 after purchasing an additional 1,143 shares during the last quarter. Bruce G. Allen Investments LLC acquired a new stake in shares of Barrick Gold in the 4th quarter valued at $35,000. Mark Sheptoff Financial Planning LLC purchased a new stake in shares of Barrick Gold during the 4th quarter worth $45,000. Finally, Optiver Holding B.V. acquired a new position in shares of Barrick Gold during the fourth quarter worth $46,000. Hedge funds and other institutional investors own 62.85% of the company's stock.

Barrick Gold Company Profile

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.