Barrick Gold (TSE:ABX) PT Raised to C$25.00

Barrick Gold (TSE:ABX - Free Report) NYSE: ABX had its price objective increased by Veritas Investment Research from C$20.70 to C$25.00 in a report released on Friday morning, MarketBeat Ratings reports.

Several other research firms have also recently commented on ABX. National Bankshares lowered their target price on Barrick Gold from C$29.00 to C$28.00 and set a sector perform rating for the company in a research note on Tuesday, February 6th. Berenberg Bank boosted their target price on Barrick Gold from C$29.00 to C$31.00 in a research note on Monday. National Bank Financial reissued a sector perform overweight rating on shares of Barrick Gold in a research note on Monday. Sanford C. Bernstein lowered their price objective on Barrick Gold from C$30.00 to C$29.00 and set an outperform rating for the company in a research report on Thursday, January 25th. Finally, Stifel Nicolaus lowered their price objective on Barrick Gold from C$30.00 to C$25.00 and set a buy rating for the company in a research report on Friday, January 26th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Barrick Gold has a consensus rating of Moderate Buy and a consensus target price of C$28.65.

Barrick Gold Trading Down 0.2 %

Shares of TSE ABX traded down C$0.04 during trading on Friday, reaching C$24.63. The stock had a trading volume of 5,389,447 shares, compared to its average volume of 3,339,965. Barrick Gold has a fifty-two week low of C$18.65 and a fifty-two week high of C$28.19. The company has a debt-to-equity ratio of 16.32, a quick ratio of 2.62 and a current ratio of 3.16. The business's 50-day moving average price is C$21.27 and its 200-day moving average price is C$21.87. The company has a market cap of C$43.35 billion, a P/E ratio of 25.13, a PEG ratio of 1.94 and a beta of 0.41.

Barrick Gold (TSE:ABX - Get Free Report) NYSE: ABX last issued its quarterly earnings data on Wednesday, February 14th. The basic materials company reported C$0.37 earnings per share for the quarter, beating analysts' consensus estimates of C$0.28 by C$0.09. Barrick Gold had a return on equity of 6.17% and a net margin of 11.16%. The business had revenue of C$4.16 billion during the quarter, compared to analysts' expectations of C$4.28 billion. On average, equities research analysts predict that Barrick Gold will post 1.2363083 EPS for the current fiscal year.

Barrick Gold Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend was Wednesday, February 28th. Barrick Gold's payout ratio is currently 55.10%.

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.