Barrick Gold (TSE:ABX) Price Target Increased to C$27.00 by Analysts at Stifel Nicolaus

Barrick Gold (TSE:ABX) (NYSE:ABX) had its price target upped by Stifel Nicolaus from C$25.00 to C$27.00 in a research note issued to investors on Friday, BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the basic materials company’s stock.

A number of other research firms have also commented on ABX. Raymond James reduced their target price on Barrick Gold from C$28.00 to C$24.00 in a report on Friday, February 16th. National Bank Financial reissued a sector perform overweight rating on shares of Barrick Gold in a report on Monday, April 8th. Sanford C. Bernstein lifted their target price on Barrick Gold from C$31.00 to C$32.00 and gave the stock an outperform rating in a report on Thursday. TD Securities reaffirmed a buy rating and issued a C$29.00 price objective on shares of Barrick Gold in a report on Tuesday. Finally, National Bankshares cut their price objective on Barrick Gold from C$30.00 to C$28.00 and set a sector perform rating for the company in a report on Friday. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of C$28.60.

Barrick Gold Trading Up 0.6 %

ABX opened at C$23.53 on Friday. The stock has a market cap of C$41.41 billion, a PE ratio of 23.77, a PEG 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. The business has a 50 day moving average of C$21.59 and a 200-day moving average of C$21.99. 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 posted its quarterly earnings data on Wednesday, February 14th. The basic materials company reported C$0.37 earnings per share 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 analyst estimates of C$4.28 billion. Equities research analysts predict that Barrick Gold will post 1.196793 earnings per share for the current fiscal year.

Barrick Gold Cuts Dividend

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