Barrick Gold Corp (ABX) Declares $0.04 Quarterly Dividend

Barrick Gold Corp (TSE:ABX) (NYSE:ABX) announced a quarterly dividend on Wednesday, February 14th, Zacks reports. Investors of record on Wednesday, February 28th will be paid a dividend of 0.037 per share on Thursday, March 15th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend is Tuesday, February 27th.

Barrick Gold (ABX) traded down C$0.03 during trading on Thursday, reaching C$16.03. 563,290 shares of the company were exchanged, compared to its average volume of 3,068,852. The company has a market capitalization of $18,740.00, a P/E ratio of 13.54 and a beta of -0.82. Barrick Gold has a 1-year low of C$15.90 and a 1-year high of C$27.03.

A number of research analysts have recently commented on ABX shares. CSFB decreased their price objective on shares of Barrick Gold to C$24.00 and set a “neutral” rating for the company in a research report on Thursday, October 26th. Royal Bank of Canada cut shares of Barrick Gold from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from C$21.00 to C$18.00 in a research note on Wednesday, November 1st. TD Securities dropped their price objective on shares of Barrick Gold to C$22.00 and set a “hold” rating for the company in a research note on Monday, November 6th. Eight Capital reiterated a “neutral” rating on shares of Barrick Gold in a research note on Thursday, November 16th. Finally, Desjardins reiterated a “hold” rating on shares of Barrick Gold in a research note on Monday, December 11th. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Barrick Gold presently has a consensus rating of “Hold” and a consensus price target of C$22.14.

In related news, Director Pablo Marcet purchased 2,500 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were bought at an average cost of C$14.10 per share, with a total value of C$35,250.00. Also, Director Graham G. Clow purchased 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 19th. The shares were bought at an average cost of C$14.44 per share, for a total transaction of C$72,200.00.

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Barrick Gold 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.

Dividend History for Barrick Gold (TSE:ABX)

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