Jefferies Group LLC Analysts Give Barrick Gold Corporation (ABX) a $20.00 Price Target

Jefferies Group LLC set a $20.00 price target on Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) in a research report sent to investors on Tuesday. The firm currently has a buy rating on the basic materials company’s stock.

ABX has been the topic of several other research reports. Berenberg Bank restated a sell rating and issued a $15.20 price target on shares of Barrick Gold Corporation in a research report on Friday, June 2nd. Royal Bank Of Canada restated a buy rating and issued a $21.00 price target on shares of Barrick Gold Corporation in a research report on Tuesday, June 13th. Barclays PLC restated an equal weight rating and issued a $20.00 price target (down previously from $22.00) on shares of Barrick Gold Corporation in a research report on Thursday, June 1st. Deutsche Bank AG restated a buy rating and issued a $21.00 price target (down previously from $22.00) on shares of Barrick Gold Corporation in a research report on Sunday, June 25th. Finally, Scotiabank restated a sector perform rating and issued a $22.50 price target on shares of Barrick Gold Corporation in a research report on Tuesday, April 25th. Ten research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $20.59.

Barrick Gold Corporation (NYSE ABX) opened at 16.64 on Tuesday. The firm has a market cap of $19.40 billion, a PE ratio of 8.24 and a beta of -0.23. Barrick Gold Corporation has a 52-week low of $13.81 and a 52-week high of $20.78. The firm’s 50-day moving average price is $16.35 and its 200 day moving average price is $17.51.

Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) last posted its quarterly earnings results on Wednesday, July 26th. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.05. The firm had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.03 billion. Barrick Gold Corporation had a net margin of 26.95% and a return on equity of 8.91%. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.14 earnings per share. On average, equities analysts anticipate that Barrick Gold Corporation will post $0.73 earnings per share for the current year.

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The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Tuesday, August 29th. Barrick Gold Corporation’s dividend payout ratio (DPR) is currently 5.94%.

Large investors have recently modified their holdings of the stock. Afam Capital Inc. raised its stake in shares of Barrick Gold Corporation by 4.8% in the second quarter. Afam Capital Inc. now owns 173,031 shares of the basic materials company’s stock worth $2,753,000 after buying an additional 7,967 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Barrick Gold Corporation during the second quarter worth about $244,000. Koch Industries Inc. bought a new stake in shares of Barrick Gold Corporation during the second quarter worth about $268,000. Rockshelter Capital Management LLC raised its stake in shares of Barrick Gold Corporation by 7.8% in the second quarter. Rockshelter Capital Management LLC now owns 57,110 shares of the basic materials company’s stock worth $909,000 after buying an additional 4,140 shares during the period. Finally, Capital Innovations LLC raised its stake in shares of Barrick Gold Corporation by 116.6% in the second quarter. Capital Innovations LLC now owns 21,655 shares of the basic materials company’s stock worth $344,000 after buying an additional 11,655 shares during the period. 58.68% of the stock is owned by institutional investors.

Barrick Gold Corporation 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.

Analyst Recommendations for Barrick Gold Corporation (NYSE:ABX)

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