Barrick Gold (TSE:ABX) Receives "Buy" Rating from TD Securities

TD Securities reaffirmed their buy rating on shares of Barrick Gold (TSE:ABX - Free Report) NYSE: ABX in a report issued on Tuesday, Stock Target Advisor reports. They currently have a C$29.00 price objective on the basic materials company's stock.

Several other equities analysts also recently commented on the stock. Veritas Investment Research upped their price objective on shares of Barrick Gold from C$20.70 to C$25.00 in a research note on Friday. Stifel Nicolaus lowered their price objective on shares of Barrick Gold from C$30.00 to C$25.00 and set a buy rating for the company in a research note on Friday, January 26th. National Bank Financial reaffirmed a sector perform overweight rating on shares of Barrick Gold in a research note on Monday, April 8th. CIBC reaffirmed an outperform rating and set a C$31.00 price objective on shares of Barrick Gold in a research note on Thursday, February 15th. Finally, National Bankshares reduced their price target on shares of Barrick Gold from C$29.00 to C$28.00 and set a sector perform rating on the stock in a research report on Tuesday, February 6th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of C$28.10.

Barrick Gold Trading Down 5.0 %

Barrick Gold stock traded down C$1.19 during mid-day trading on Tuesday, hitting C$22.78. The company's stock had a trading volume of 6,652,169 shares, compared to its average volume of 3,390,723. The company has a debt-to-equity ratio of 16.32, a current ratio of 3.16 and a quick ratio of 2.62. The stock has a market cap of C$40.09 billion, a price-to-earnings ratio of 23.01, a price-to-earnings-growth ratio of 1.94 and a beta of 0.46. The business has a 50 day moving average price of C$21.39 and a 200-day moving average price of C$21.95. Barrick Gold has a 12 month low of C$18.65 and a 12 month high of C$28.19.

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 EPS for the quarter, beating the consensus estimate of C$0.28 by C$0.09. The firm had revenue of C$4.16 billion during the quarter, compared to the consensus estimate of C$4.28 billion. Barrick Gold had a net margin of 11.16% and a return on equity of 6.17%. As a group, analysts forecast that Barrick Gold will post 1.196793 EPS for the current year.

Barrick Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date was Wednesday, February 28th. Barrick Gold's dividend payout ratio is 54.55%.

About Barrick Gold

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.