Barrick Gold Corp (GOLD) To Go Ex-Dividend on August 30th

Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) announced a quarterly dividend on Monday, August 12th, Wall Street Journal reports. Shareholders of record on Friday, August 30th will be given a dividend of 0.10 per share by the gold and copper producer on Monday, September 16th. This represents a $0.40 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Friday, August 30th.

Barrick Gold has raised its dividend by an average of 8.9% per year over the last three years. Barrick Gold has a payout ratio of 23.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Barrick Gold to earn $1.53 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 26.1%.

Barrick Gold Trading Down 0.1 %

NYSE:GOLD opened at $20.45 on Wednesday. The company has a current ratio of 3.32, a quick ratio of 2.49 and a debt-to-equity ratio of 0.15. Barrick Gold has a 12 month low of $13.76 and a 12 month high of $20.89. The company has a market cap of $35.84 billion, a PE ratio of 24.94, a price-to-earnings-growth ratio of 0.48 and a beta of 0.51. The company has a 50 day simple moving average of $18.08 and a two-hundred day simple moving average of $16.95.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last posted its earnings results on Monday, August 12th. The gold and copper producer reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. Barrick Gold had a net margin of 12.58% and a return on equity of 4.88%. The business had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the previous year, the firm posted $0.19 EPS. The firm’s revenue was up 11.6% on a year-over-year basis. Research analysts forecast that Barrick Gold will post 1.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on GOLD. CIBC lifted their price target on shares of Barrick Gold from $23.00 to $27.00 and gave the stock an “outperformer” rating in a research note on Wednesday, July 10th. Scotiabank lifted their price target on shares of Barrick Gold from $23.00 to $25.00 and gave the stock a “sector outperform” rating in a research note on Monday, August 19th. Finally, Jefferies Financial Group lifted their price target on shares of Barrick Gold from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $22.67.

Barrick Gold Company Profile

Barrick Gold Corporation is a sector-leading gold and copper producer.  Its shares trade on the New York Stock Exchange under the symbol GOLD and on the Toronto Stock Exchange under the symbol ABX.
 
In January 2019 Barrick merged with Randgold Resources and in July that year it combined its gold mines in Nevada, USA, with those of Newmont Corporation in a joint venture, Nevada Gold Mines, which is majority-owned and operated by Barrick.