Barrick Gold Corp (ABX) Receives Average Rating of “Hold” from Brokerages
Shares of Barrick Gold Corp (TSE:ABX) (NYSE:ABX) have been assigned a consensus rating of “Hold” from the nine brokerages that are presently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$24.58.
A number of research firms have recently commented on ABX. Royal Bank Of Canada reissued an “outperform” rating on shares of Barrick Gold Corp in a research report on Friday, June 23rd. BMO Capital Markets reaffirmed an “outperform” rating and set a C$21.00 price target on shares of Barrick Gold Corp in a research report on Friday, June 30th. Scotiabank reiterated a “sector perform” rating and issued a C$30.00 target price on shares of Barrick Gold Corp in a research report on Tuesday, July 4th. TD Securities reaffirmed a “hold” rating and issued a C$27.00 price objective on shares of Barrick Gold Corp in a report on Tuesday, July 4th. Finally, Canaccord Genuity decreased their price target on shares of Barrick Gold Corp from C$30.00 to C$27.50 in a report on Friday.
Barrick Gold Corp (TSE:ABX) traded down 0.35% on Friday, reaching $20.08. The company had a trading volume of 2,043,367 shares. The firm has a 50-day moving average of $21.46 and a 200-day moving average of $22.53. The stock has a market capitalization of $23.41 billion and a P/E ratio of 9.94. Barrick Gold Corp has a 12 month low of $18.52 and a 12 month high of $27.19.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 31st were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $0.12 annualized dividend and a dividend yield of 0.60%.
Barrick Gold Corp Company Profile
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.
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