Barrick Gold (TSE:ABX) PT Raised to C$36.00

Barrick Gold (TSE:ABX) (NYSE:ABX) had its target price upped by Eight Capital from C$32.00 to C$36.00 in a research report sent to investors on Monday, BayStreet.CA reports. The brokerage currently has a buy rating on the basic materials company’s stock.

Other equities research analysts also recently issued reports about the stock. National Bank Financial reiterated a sector perform overweight rating on shares of Barrick Gold in a report on Monday, April 8th. Raymond James cut their price target on Barrick Gold from C$28.00 to C$24.00 in a report on Friday, February 16th. Berenberg Bank raised their price objective on Barrick Gold from C$29.00 to C$31.00 in a report on Monday, April 8th. National Bankshares lowered 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 research report on Friday, April 19th. Finally, Sanford C. Bernstein increased their target price on Barrick Gold from C$31.00 to C$32.00 and gave the stock an outperform rating in a research report on Thursday, April 18th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of C$29.27.

Barrick Gold Stock Performance

Barrick Gold stock opened at C$22.63 on Monday. Barrick Gold has a fifty-two week low of C$18.65 and a fifty-two week high of C$28.19. The company has a market capitalization of C$39.83 billion, a price-to-earnings ratio of 22.86, a PEG ratio of 1.94 and a beta of 0.46. The stock has a fifty day moving average of C$21.79 and a two-hundred day moving average of C$22.07. The company has a debt-to-equity ratio of 16.32, a quick ratio of 2.62 and a current ratio of 3.16.

Barrick Gold (TSE:ABX) (NYSE:ABX) last posted its quarterly earnings data on Wednesday, February 14th. The basic materials company reported C$0.37 EPS for the quarter, topping 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 firm had revenue of C$4.16 billion during the quarter, compared to analysts’ expectations of C$4.28 billion. On average, analysts anticipate that Barrick Gold will post 1.196793 EPS for the current fiscal year.

Barrick Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were issued 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 dividend yield of 1.77%. Barrick Gold’s dividend payout ratio (DPR) is 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.