1 day Ago By ABMN Staff
Shares of Barrick Gold Co. ( TSE:ABX – Get Free Report ) (NYSE:ABX) have received an average rating of “Buy” from the eight research firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company.
The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$30.18. ABX has been the topic of a number of recent analyst reports.
Canaccord Genuity Group upped their price target on shares of Barrick Gold from C$31.00 to C$33.00 in a research note on Tuesday, July 23rd.
Eight Capital boosted their price objective on shares of Barrick Gold from C$36.00 to C$38.00 in a report on Thursday, July 11th.
Finally, Argus upgraded Barrick Gold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 29th. Get Our Latest Analysis on Barrick Gold Barrick Gold Stock Down 1.8 % Barrick Gold ( TSE:ABX – Get Free Report ) (NYSE:ABX) last posted its quarterly earnings data on Monday, August 12th.
The basic materials company reported C$0.44 EPS for the quarter, topping the consensus estimate of C$0.36 by C$0.
08. Barrick Gold had a net margin of 12.78% and a return on equity of 7.
20%. The firm had revenue of C$4.33 billion during the quarter, compared to analyst estimates of C$4.
12 billion. As a group, analysts expect that Barrick Gold will post 2.2758921 EPS for the current fiscal year.
Barrick Gold Increases Dividend The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were issued a dividend of $0.138 per share.
This represents a $0.55 dividend on an annualized basis and a yield of 2.02%.
This is a boost from Barrick Gold’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Friday, August 30th.
Barrick Gold’s dividend payout ratio (DPR) is 46.55%. Insider Transactions at Barrick Gold In related news, Director Andrew James Quinn acquired 5,000 shares of Barrick Gold stock in a transaction dated Wednesday, August 14th.
The shares were acquired at an average cost of C$26.00 per share, for a total transaction of C$129,999.00.
In other news, Director Andrew James Quinn acquired 5,000 shares of the company’s stock in a transaction on Wednesday, August 14th. The shares were bought at an average cost of C$26.00 per share, with a total value of C$129,999.
00. Also, Senior Officer Riaan Grobler sold 94,000 shares of the stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of C$18.
99, for a total value of C$1,784,693.40. Corporate insiders own 0.
61% of the company’s stock. About Barrick Gold ( Get Free Report 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. See Also Receive News & Ratings for Barrick Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barrick Gold and related companies with MarketBeat.com's FREE daily email newsletter .
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