National Bankshares Lowers Barrick Gold (TSE:ABX) Price Target to C$28.00

Barrick Gold (TSE:ABX) (NYSE:ABX) had its target price lowered by National Bankshares from C$30.00 to C$28.00 in a research report report published on Friday, BayStreet.CA reports. The firm currently has a sector perform rating on the basic materials company’s stock.

Several other research firms have also weighed in on ABX. CIBC restated an outperform rating and set a C$31.00 price objective on shares of Barrick Gold in a research report on Thursday, February 15th. Stifel Nicolaus reduced their price objective on shares of Barrick Gold from C$30.00 to C$25.00 and set a buy rating for the company in a research report on Friday, January 26th. Veritas Investment Research raised their price objective on shares of Barrick Gold from C$20.70 to C$25.00 in a research report on Friday, April 12th. Raymond James reduced their price objective on shares of Barrick Gold from C$28.00 to C$24.00 in a research report on Friday, February 16th. Finally, Berenberg Bank raised their price objective on shares of Barrick Gold from C$29.00 to C$31.00 in a research report on Monday, April 8th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of C$28.60.

Barrick Gold Stock Performance

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

Barrick Gold (TSE:ABX) (NYSE:ABX) last announced its earnings results 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. The firm had revenue of C$4.16 billion during the quarter, compared to analyst estimates of C$4.28 billion. Barrick Gold had a net margin of 11.16% and a return on equity of 6.17%. On average, sell-side analysts anticipate that Barrick Gold will post 1.196793 earnings per share for the current fiscal year.

Barrick Gold Cuts Dividend

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