Barrick Gold Co. (TSE:ABX) Declares Dividend Increase – $0.14 Per Share

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) announced a quarterly dividend on Monday, August 12th, Zacks reports. Investors of record on Friday, August 30th will be paid a dividend of 0.138 per share by the basic materials company on Monday, September 16th. This represents a $0.55 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend is Friday, August 30th. This is a boost from Barrick Gold’s previous quarterly dividend of $0.14.

Barrick Gold Stock Down 0.5 %

Barrick Gold stock traded down C$0.14 during trading on Wednesday, hitting C$26.10. 1,556,158 shares of the company were exchanged, compared to its average volume of 3,520,148. The business’s 50 day moving average is C$23.95 and its 200 day moving average is C$22.73. Barrick Gold has a 52 week low of C$18.65 and a 52 week high of C$26.58. The company has a market capitalization of C$45.94 billion, a P/E ratio of 23.22, a PEG ratio of 1.94 and a beta of 0.46. The company has a current ratio of 3.32, a quick ratio of 2.62 and a debt-to-equity ratio of 14.67.

Analyst Ratings Changes

A number of research analysts have issued reports on ABX shares. Eight Capital upped their price objective on Barrick Gold from C$36.00 to C$38.00 in a research note on Thursday, July 11th. Stifel Nicolaus increased their price target on Barrick Gold from C$25.00 to C$27.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Canaccord Genuity Group increased their price target on Barrick Gold from C$31.00 to C$33.00 in a research note on Tuesday, July 23rd. National Bankshares cut their price target on Barrick Gold from C$30.00 to C$28.00 and set a “sector perform” rating for the company in a research note on Friday, April 19th. Finally, Sanford C. Bernstein increased their price target on Barrick Gold from C$31.00 to C$32.00 and gave the stock an “outperform” rating in a research note on Thursday, April 18th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Barrick Gold has a consensus rating of “Moderate Buy” and a consensus price target of C$30.18.

Insider Buying and Selling at Barrick Gold

In other Barrick Gold news, Director Andrew James Quinn sold 36,000 shares of the firm’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of C$23.00, for a total value of C$828,000.00. Insiders own 0.61% of the company’s stock.

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.