Barrick Gold Co. (TSE:ABX – Get Free Report) (NYSE:ABX) has received a consensus rating of “Moderate Buy” from the nine analysts that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$29.27.
Several equities research analysts recently commented on ABX shares. TD Securities restated a “buy” rating and issued a C$29.00 price target on shares of Barrick Gold in a research report on Tuesday, April 16th. CIBC restated an “outperform” rating and issued a C$31.00 price target on shares of Barrick Gold in a research report on Thursday, February 15th. Eight Capital upped their price target on shares of Barrick Gold from C$32.00 to C$36.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Stifel Nicolaus upped their price target on shares of Barrick Gold from C$25.00 to C$27.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Finally, Veritas Investment Research upped their price target on shares of Barrick Gold from C$20.70 to C$25.00 in a research report on Friday, April 12th.
View Our Latest Research Report on Barrick Gold
Barrick Gold Trading Up 0.1 %
Barrick Gold (TSE:ABX – Get Free Report) (NYSE:ABX) last issued its earnings results on Wednesday, February 14th. The basic materials company reported C$0.37 earnings per share for the quarter, topping 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 analysts’ expectations of C$4.28 billion. Barrick Gold had a net margin of 11.16% and a return on equity of 6.17%. On average, research analysts anticipate that Barrick Gold will post 1.196793 EPS for the current fiscal 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 given a $0.10 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $0.40 dividend on an annualized basis and a yield of 1.71%. Barrick Gold’s payout ratio 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.
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