Barrick Gold (TSE:ABX) (NYSE:ABX) has earned an average recommendation of “Hold” from the eight analysts that are presently covering the firm, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold rating. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$21.00.
A number of research analysts recently issued reports on ABX shares. Desjardins dropped their price objective on shares of Barrick Gold from C$19.50 to C$19.00 in a report on Wednesday, February 21st. Canaccord Genuity dropped their price objective on shares of Barrick Gold from C$27.00 to C$22.50 in a report on Friday, February 23rd. Finally, BMO Capital Markets set a C$15.00 price objective on shares of Barrick Gold and gave the company a “market perform” rating in a report on Thursday, February 15th.
Shares of Barrick Gold traded down C$0.12, reaching C$16.83, on Tuesday, Marketbeat Ratings reports. The company had a trading volume of 1,483,000 shares, compared to its average volume of 2,703,701. Barrick Gold has a one year low of C$14.26 and a one year high of C$23.02.
Barrick Gold (TSE:ABX) (NYSE:ABX) last issued its quarterly earnings data on Monday, April 23rd. The company reported C$0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.19 by C($0.01). The business had revenue of C$2.26 billion during the quarter, compared to the consensus estimate of C$2.25 billion. Barrick Gold had a negative net margin of 36.36% and a negative return on equity of 27.89%.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Thursday, May 31st will be issued a $0.039 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date is Wednesday, May 30th. This is a positive change from Barrick Gold’s previous quarterly dividend of $0.04.
In other news, Director Pablo Marcet bought 1,000 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was acquired at an average price of C$1,000.00 per share, with a total value of C$1,000,000.00. Also, insider Catherine Philippa Raw bought 39,408 shares of the firm’s stock in a transaction on Wednesday, May 16th. The shares were purchased at an average cost of C$16.94 per share, with a total value of C$667,571.52. In the last quarter, insiders purchased 412,253 shares of company stock valued at $6,342,284.
About Barrick Gold
Barrick Gold Corporation engages in the exploration and development of mineral properties. It primarily explores for gold and copper deposits. The company holds a 50% interest in the Veladero mine located in the San Juan Province of Argentina; 50% interest in the KCGM, a gold mine located in Australia; 95% interest in Porgera, a gold mine located in Papua New Guinea; 50% interest in the Zaldívar, a copper mine located in Chile; and 50% interest in the Jabal Sayid, a copper mine located in Saudi Arabia.
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