Barrick Gold Corp (ABX) Downgraded by Royal Bank Of Canada
Royal Bank Of Canada lowered shares of Barrick Gold Corp (TSE:ABX) (NYSE:ABX) from an outperform rating to a sector perform rating in a research report sent to investors on Wednesday, MarketBeat.com reports. They currently have C$18.00 target price on the stock, down from their prior target price of C$21.00.
Several other research analysts have also recently commented on the company. BMO Capital Markets reissued a market perform rating and set a C$18.00 target price on shares of Barrick Gold Corp in a research note on Thursday, July 6th. TD Securities reissued a hold rating and set a C$27.00 target price on shares of Barrick Gold Corp in a research note on Tuesday, July 4th. Canaccord Genuity lowered their price objective on Barrick Gold Corp from C$27.50 to C$25.00 and set a buy rating for the company in a research report on Friday, October 20th. Scotiabank reaffirmed a sector perform rating and set a C$30.00 price objective on shares of Barrick Gold Corp in a research report on Tuesday, July 4th. Finally, CSFB lowered their price objective on Barrick Gold Corp to C$24.00 and set a neutral rating for the company in a research report on Thursday, October 26th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has an average rating of Hold and a consensus target price of C$23.14.
Barrick Gold Corp (TSE:ABX) opened at C$17.89 on Wednesday.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.037 per share. This is a boost from Barrick Gold Corp’s previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Wednesday, November 29th.
About Barrick Gold Corp
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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