Barrick Gold Co. (TSE:ABX) Given Consensus Rating of “Moderate Buy” by Analysts

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) has been given an average rating of “Moderate Buy” by the nine analysts that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$29.27.

A number of brokerages have weighed in on ABX. Raymond James decreased their price objective on Barrick Gold from C$28.00 to C$24.00 in a report on Friday, February 16th. Berenberg Bank upped their price target on Barrick Gold from C$29.00 to C$31.00 in a research report on Monday, April 8th. Canaccord Genuity Group boosted their price objective on Barrick Gold from C$27.00 to C$30.00 in a research note on Tuesday, April 23rd. CIBC reiterated an “outperform” rating and set a C$31.00 price target on shares of Barrick Gold in a report on Thursday, February 15th. Finally, Sanford C. Bernstein upped their price objective on shares of Barrick Gold from C$31.00 to C$32.00 and gave the company an “outperform” rating in a report on Thursday, April 18th.

Barrick Gold Price Performance

Barrick Gold stock opened at C$23.36 on Monday. 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 company’s fifty day moving average price is C$21.93 and its 200 day moving average price is C$22.13. The stock has a market capitalization of C$41.11 billion, a P/E ratio of 23.60, a P/E/G ratio of 1.94 and a beta of 0.46. Barrick Gold has a 1 year low of C$18.65 and a 1 year high of C$28.19.

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, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of C$4.28 billion. As a group, equities research analysts anticipate that Barrick Gold will post 1.196793 earnings per share for the current fiscal year.

Barrick Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, February 28th. This represents a $0.40 annualized dividend and a dividend yield of 1.71%. Barrick Gold’s dividend payout ratio is presently 54.55%.

About Barrick Gold

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.