Shares of Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) have been assigned an average recommendation of “Hold” from the eighteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Ten equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $20.77.

Several research firms have recently weighed in on ABX. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $21.00 target price on shares of Barrick Gold Corporation in a report on Tuesday, July 18th. Jefferies Group LLC set a $20.00 target price on shares of Barrick Gold Corporation and gave the stock a “buy” rating in a report on Tuesday, August 15th. Zacks Investment Research lowered shares of Barrick Gold Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Raymond James Financial, Inc. reissued a “market perform” rating and set a $19.00 price objective on shares of Barrick Gold Corporation in a report on Thursday, June 15th. Finally, TD Securities reissued a “hold” rating on shares of Barrick Gold Corporation in a report on Tuesday, June 27th.

A number of institutional investors have recently added to or reduced their stakes in ABX. Ameriprise Financial Inc. lifted its position in Barrick Gold Corporation by 201.8% during the 1st quarter. Ameriprise Financial Inc. now owns 45,655 shares of the basic materials company’s stock valued at $867,000 after purchasing an additional 30,526 shares during the period. Parametric Portfolio Associates LLC lifted its position in Barrick Gold Corporation by 11.0% during the 1st quarter. Parametric Portfolio Associates LLC now owns 479,904 shares of the basic materials company’s stock valued at $9,113,000 after purchasing an additional 47,502 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in Barrick Gold Corporation by 26.4% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 45,686 shares of the basic materials company’s stock valued at $868,000 after purchasing an additional 9,534 shares during the period. Envestnet Asset Management Inc. lifted its position in Barrick Gold Corporation by 0.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 86,751 shares of the basic materials company’s stock valued at $1,646,000 after purchasing an additional 636 shares during the period. Finally, M&T Bank Corp lifted its position in Barrick Gold Corporation by 0.4% during the 1st quarter. M&T Bank Corp now owns 44,573 shares of the basic materials company’s stock valued at $848,000 after purchasing an additional 158 shares during the period. Institutional investors own 55.66% of the company’s stock.

Shares of Barrick Gold Corporation (ABX) traded down 0.30% during mid-day trading on Monday, reaching $16.37. 3,539,013 shares of the company traded hands. Barrick Gold Corporation has a 52-week low of $13.81 and a 52-week high of $20.78. The stock has a market capitalization of $19.09 billion, a PE ratio of 8.10 and a beta of -0.34. The stock’s 50 day moving average is $17.04 and its 200 day moving average is $17.07.

Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) last posted its earnings results on Wednesday, July 26th. The basic materials company reported $0.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.05. Barrick Gold Corporation had a net margin of 26.95% and a return on equity of 8.91%. The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the prior year, the firm earned $0.14 EPS. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. On average, analysts anticipate that Barrick Gold Corporation will post $0.74 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $0.12 dividend on an annualized basis and a yield of 0.73%. Barrick Gold Corporation’s payout ratio is presently 5.94%.

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Barrick Gold Corporation 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.

Analyst Recommendations for Barrick Gold Corporation (NYSE:ABX)

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