Barrick Gold Corp (TSE:ABX) Declares Quarterly Dividend of $0.05
Barrick Gold Corp (TSE:ABX) (NYSE:ABX) announced a quarterly dividend on Monday, August 12th, Zacks reports. Investors of record on Friday, August 30th will be given a dividend of 0.053 per share by the basic materials company on Monday, September 16th. This represents a $0.21 annualized dividend and a yield of 0.91%. The ex-dividend date is Thursday, August 29th.
ABX traded down C$0.57 during trading on Tuesday, hitting C$23.23. The company had a trading volume of 3,623,121 shares, compared to its average volume of 5,114,404. The stock has a market capitalization of $41.98 billion and a P/E ratio of -19.43. Barrick Gold has a one year low of C$12.54 and a one year high of C$24.67. The stock has a 50-day moving average of C$21.94. The company has a debt-to-equity ratio of 31.73, a current ratio of 2.46 and a quick ratio of 1.28.
Several brokerages have commented on ABX. BMO Capital Markets reissued an “outperform” rating and set a C$20.00 price target on shares of Barrick Gold in a research report on Thursday, July 4th. Canaccord Genuity boosted their price target on shares of Barrick Gold from C$19.50 to C$21.00 in a research report on Friday, July 19th. Finally, Eight Capital boosted their price target on shares of Barrick Gold from C$20.00 to C$28.00 in a research report on Thursday, August 8th.
Barrick Gold Corporation explores for and develops mineral properties. The company primarily explores for gold, copper, and silver deposits. It holds a 50% interest in the Veladero, a gold mine located in Argentina; 50% interest in the Kalgoorlie gold mine located in Australia; 95% interest in the Porgera gold mine located in Papua New Guinea; 50% interest in the Zaldívar, a copper mine located in Chile; and 50% interest in the Jabal Sayid copper mine located in Saudi Arabia.
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