Barrick Gold Corp (TSE:ABX) (NYSE:ABX) had its target price cut by TD Securities to C$22.00 in a research note published on Monday, StockTargetPrices.com reports. They currently have a hold rating on the stock.
Other analysts also recently issued research reports about the stock. Canaccord Genuity decreased their price objective on shares of Barrick Gold Corp from C$30.00 to C$27.50 in a report on Friday, September 29th. BMO Capital Markets restated a market perform rating and set a C$18.00 target price on shares of Barrick Gold Corp in a research report on Friday, October 13th. CSFB cut their target price on shares of Barrick Gold Corp to C$24.00 and set a neutral rating for the company in a research report on Thursday, October 26th. Finally, Royal Bank Of Canada cut shares of Barrick Gold Corp from an outperform rating to a sector perform rating and cut their target price for the stock from C$21.00 to C$18.00 in a research report on Wednesday, November 1st. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Barrick Gold Corp has a consensus rating of Hold and a consensus target price of C$22.43.
Shares of Barrick Gold Corp (TSE ABX) opened at C$17.89 on Monday. Barrick Gold Corp has a fifty-two week low of C$17.63 and a fifty-two week high of C$27.19.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be given a $0.037 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend is Wednesday, November 29th. This is a positive change from Barrick Gold Corp’s previous quarterly dividend of $0.03. Barrick Gold Corp’s payout ratio is currently 4.62%.
Barrick Gold Corp Company Profile
Barrick Gold Corporation (Barrick) is a gold mining company. The Company is principally engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. The Company’s segments include Goldstrike, Cortez, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Acacia Mining plc (Acacia), Pascua-Lama and Other Mines.
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