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

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

ABX has been the topic of a number of other reports. CIBC restated an outperform rating and issued a C$31.00 price target on shares of Barrick Gold in a report on Thursday, February 15th. Veritas Investment Research raised their target price on shares of Barrick Gold from C$20.70 to C$25.00 in a research report on Friday, April 12th. Sanford C. Bernstein boosted their price target on Barrick Gold from C$31.00 to C$32.00 and gave the company an outperform rating in a report on Thursday, April 18th. National Bank Financial restated a sector perform overweight rating on shares of Barrick Gold in a report on Monday, April 8th. Finally, Raymond James decreased their target price on Barrick Gold from C$28.00 to C$24.00 in a research report on Friday, February 16th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of C$29.27.

Barrick Gold Stock Down 4.3 %

Shares of TSE:ABX opened at C$22.51 on Friday. The firm has a market capitalization of C$39.62 billion, a PE ratio of 22.74, a price-to-earnings-growth ratio of 1.94 and a beta of 0.46. The business has a 50 day simple moving average of C$21.64 and a two-hundred day simple moving average of C$22.05. Barrick Gold has a 1 year low of C$18.65 and a 1 year high of C$28.19. The company has a debt-to-equity ratio of 16.32, a current ratio of 3.16 and a quick ratio of 2.62.

Barrick Gold (TSE:ABX) (NYSE:ABX) last posted 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. The company had revenue of C$4.16 billion during the quarter, compared to analysts’ expectations of C$4.28 billion. Barrick Gold had a return on equity of 6.17% and a net margin of 11.16%. On average, equities analysts predict that Barrick Gold will post 1.196793 EPS for the current year.

Barrick Gold Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were paid a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.40 annualized dividend and a yield of 1.78%. 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.