Barrick Gold Co. (TSE:ABX) Receives Average Recommendation of “Moderate Buy” from Brokerages

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) has received a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is C$30.18.

ABX has been the subject of a number of research analyst reports. Eight Capital boosted their target price on Barrick Gold from C$36.00 to C$38.00 in a research report on Thursday, July 11th. Canaccord Genuity Group boosted their price objective on Barrick Gold from C$31.00 to C$33.00 in a report on Tuesday, July 23rd.

Insider Activity at Barrick Gold

In other Barrick Gold news, Senior Officer Riaan Grobler sold 94,000 shares of Barrick Gold stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of C$18.99, for a total transaction of C$1,784,693.40. In other news, Senior Officer Riaan Grobler sold 94,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of C$18.99, for a total value of C$1,784,693.40. Also, Director Andrew James Quinn bought 5,000 shares of Barrick Gold stock in a transaction dated Wednesday, August 14th. The stock was acquired at an average cost of C$26.00 per share, with a total value of C$129,999.00. 0.61% of the stock is currently owned by insiders.

Barrick Gold Stock Performance

TSE:ABX opened at C$27.43 on Friday. The firm has a market capitalization of C$48.00 billion, a P/E ratio of 23.65, a P/E/G ratio of 1.94 and a beta of 0.47. Barrick Gold has a twelve month low of C$18.65 and a twelve month high of C$28.47. The company has a fifty day moving average of C$24.92 and a 200-day moving average of C$23.21. The company has a quick ratio of 2.62, a current ratio of 3.01 and a debt-to-equity ratio of 14.54.

Barrick Gold Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be issued a dividend of $0.138 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.55 annualized dividend and a yield of 2.01%. This is an increase from Barrick Gold’s previous quarterly dividend of $0.14. Barrick Gold’s dividend payout ratio is 47.41%.

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.