Royal Bank Of Canada set a $21.00 target price on Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) in a research report report published on Wednesday morning. The firm currently has a buy rating on the basic materials company’s stock.

A number of other equities research analysts also recently commented on ABX. TD Securities restated a hold rating on shares of Barrick Gold Corporation in a research report on Sunday, May 28th. BMO Capital Markets set a $18.00 target price on Barrick Gold Corporation and gave the company a hold rating in a research report on Wednesday. Jefferies Group LLC set a $20.00 target price on Barrick Gold Corporation and gave the company a buy rating in a research report on Tuesday, August 15th. BidaskClub upgraded Barrick Gold Corporation from a sell rating to a hold rating in a research report on Saturday, June 24th. Finally, Zacks Investment Research upgraded Barrick Gold Corporation from a sell rating to a hold rating in a research report on Friday, July 21st. Ten research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $20.59.

Barrick Gold Corporation (NYSE:ABX) opened at 17.14 on Wednesday. The stock has a 50 day moving average of $16.50 and a 200 day moving average of $17.45. The company has a market cap of $19.99 billion, a PE ratio of 8.49 and a beta of -0.23. Barrick Gold Corporation has a one year low of $13.81 and a one year high of $20.78.

Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) last released its quarterly earnings data on Wednesday, July 26th. The basic materials company reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.05. Barrick Gold Corporation had a return on equity of 8.91% and a net margin of 26.95%. The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the previous year, the company posted $0.14 earnings per share. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, analysts anticipate that Barrick Gold Corporation will post $0.73 earnings per share for the current fiscal year.

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The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be issued a dividend of $0.03 per share. The ex-dividend date is Tuesday, August 29th. This represents a $0.12 annualized dividend and a yield of 0.70%. Barrick Gold Corporation’s dividend payout ratio (DPR) is 5.94%.

A number of large investors have recently modified their holdings of the company. Rothschild Investment Corp IL increased its stake in shares of Barrick Gold Corporation by 148.6% in the second quarter. Rothschild Investment Corp IL now owns 49,775 shares of the basic materials company’s stock valued at $792,000 after buying an additional 29,750 shares during the period. Arlington Capital Management Inc. increased its stake in shares of Barrick Gold Corporation by 4.4% in the first quarter. Arlington Capital Management Inc. now owns 850,132 shares of the basic materials company’s stock valued at $16,144,000 after buying an additional 35,481 shares during the period. Candriam Luxembourg S.C.A. increased its stake in shares of Barrick Gold Corporation by 18.6% in the first quarter. Candriam Luxembourg S.C.A. now owns 32,133 shares of the basic materials company’s stock valued at $609,000 after buying an additional 5,030 shares during the period. Morgan Stanley increased its stake in shares of Barrick Gold Corporation by 40.9% in the first quarter. Morgan Stanley now owns 3,754,302 shares of the basic materials company’s stock valued at $71,294,000 after buying an additional 1,090,729 shares during the period. Finally, Ruffer LLP increased its stake in shares of Barrick Gold Corporation by 17.2% in the first quarter. Ruffer LLP now owns 784,554 shares of the basic materials company’s stock valued at $15,270,000 after buying an additional 115,229 shares during the period. Institutional investors own 58.68% of the company’s stock.

About Barrick Gold Corporation

Barrick Gold Corporation (Barrick) is a gold mining company. The Company is principally engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. The Company’s segments include Goldstrike, Cortez, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Acacia Mining plc (Acacia), Pascua-Lama and Other Mines.

Analyst Recommendations for Barrick Gold Corporation (NYSE:ABX)

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