Barrick Gold Co. (TSE:ABX) Receives C$30.17 Consensus Price Target from Analysts

Shares of Barrick Gold Co. (TSE:ABX) (NYSE:ABX) have received a consensus rating of “Moderate Buy” from the eleven brokerages that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$30.17.

A number of equities analysts recently weighed in on the company. UBS Group cut Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th. TD Securities reaffirmed a “buy” rating and set a C$34.00 target price on shares of Barrick Gold in a research note on Wednesday, October 16th. Sanford C. Bernstein dropped their price target on shares of Barrick Gold from C$37.00 to C$36.00 in a research note on Tuesday, November 5th. Cibc World Mkts lowered shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. Finally, Stifel Nicolaus decreased their price objective on shares of Barrick Gold from C$33.50 to C$32.00 in a report on Monday, December 2nd.

Insider Activity at Barrick Gold

In other news, Senior Officer Poupak Bahamin sold 2,500 shares of Barrick Gold stock in a transaction on Friday, November 29th. The stock was sold at an average price of C$24.49, for a total transaction of C$61,215.00. Also, Director Dennis Mark Bristow purchased 85,296 shares of the stock in a transaction dated Thursday, November 21st. The shares were purchased at an average cost of C$25.03 per share, for a total transaction of C$2,135,291.53. 0.60% of the stock is owned by corporate insiders.

Barrick Gold Stock Up 0.5 %

ABX opened at C$22.29 on Friday. The company has a fifty day moving average of C$24.51 and a two-hundred day moving average of C$25.18. The company has a debt-to-equity ratio of 14.54, a quick ratio of 2.62 and a current ratio of 3.01. Barrick Gold has a fifty-two week low of C$18.65 and a fifty-two week high of C$29.50. The stock has a market capitalization of C$39.01 billion, a price-to-earnings ratio of 18.73, a PEG ratio of 2.34 and a beta of 0.48.

Barrick Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were given a dividend of $0.135 per share. The ex-dividend date was Friday, November 29th. This represents a $0.54 dividend on an annualized basis and a yield of 2.42%. Barrick Gold’s payout ratio is presently 45.38%.

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.