Barrick Gold’s (ABX) Buy Rating Reiterated at TD Securities

TD Securities reiterated their buy rating on shares of Barrick Gold (TSE:ABX) (NYSE:ABX) in a report issued on Tuesday morning, Stock Target Advisor reports. The brokerage currently has a C$29.00 target price on the basic materials company’s stock.

ABX has been the subject of a number of other reports. Veritas Investment Research raised their price objective on Barrick Gold from C$20.70 to C$25.00 in a research report on Friday, April 12th. Sanford C. Bernstein cut their price objective on Barrick Gold from C$30.00 to C$29.00 and set an outperform rating for the company in a research report on Thursday, January 25th. Raymond James cut their price objective on Barrick Gold from C$28.00 to C$24.00 in a research report on Friday, February 16th. National Bank Financial reaffirmed a sector perform overweight rating on shares of Barrick Gold in a research report on Monday, April 8th. Finally, CIBC reissued an outperform rating and set a C$31.00 price target on shares of Barrick Gold in a report on Thursday, February 15th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of C$28.60.

Barrick Gold Stock Performance

Shares of TSE ABX opened at C$23.53 on Tuesday. The stock has a 50 day moving average price of C$21.59 and a 200 day moving average price of C$21.99. Barrick Gold has a 52 week low of C$18.65 and a 52 week high of C$28.19. The company has a debt-to-equity ratio of 16.32, a quick ratio of 2.62 and a current ratio of 3.16. The stock has a market capitalization of C$41.41 billion, a PE ratio of 23.77, a price-to-earnings-growth ratio of 1.94 and a beta of 0.46.

Barrick Gold (TSE:ABX) (NYSE:ABX) last released its quarterly earnings data on Wednesday, February 14th. The basic materials company reported C$0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.28 by C$0.09. Barrick Gold had a return on equity of 6.17% and a net margin of 11.16%. The company had revenue of C$4.16 billion during the quarter, compared to analysts’ expectations of C$4.28 billion. Analysts predict that Barrick Gold will post 1.196793 earnings per share for the current fiscal year.

Barrick Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.40 dividend on an annualized basis and a yield of 1.70%. Barrick Gold’s dividend payout ratio (DPR) is presently 54.55%.

Barrick Gold Company Profile

Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties in Canada and internationally. The company also explores and sells silver and energy materials. It has ownership interests in producing gold mines located in Argentina, Canada, Côte d'Ivoire, the Democratic Republic of Congo, the Dominican Republic, Mali, Tanzania, and the United States.