Barrick Gold Corp (TSE:ABX) (NYSE:ABX) has received an average rating of “Hold” from the ten brokerages that are currently covering the firm, Marketbeat.com reports. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$22.43.
ABX has been the topic of several recent analyst reports. Eight Capital restated a “neutral” rating on shares of Barrick Gold in a research note on Thursday, November 16th. Desjardins restated a “hold” rating on shares of Barrick Gold in a research note on Monday, December 11th. Royal Bank of Canada cut Barrick Gold from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from C$21.00 to C$18.00 in a research note on Wednesday, November 1st. Canaccord Genuity decreased their target price on Barrick Gold from C$30.00 to C$27.50 in a research report on Friday, September 29th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a C$18.00 target price on shares of Barrick Gold in a research report on Friday, October 13th.
In other Barrick Gold news, Director Graham G. Clow bought 5,000 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The stock was purchased at an average cost of C$14.44 per share, with a total value of C$72,200.00. Also, insider Richard James Elton Williams bought 27,302 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were acquired at an average cost of C$17.97 per share, with a total value of C$490,616.94. Over the last ninety days, insiders have bought 91,535 shares of company stock valued at $1,617,559.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, November 30th were given a dividend of $0.037 per share. The ex-dividend date of this dividend was Wednesday, November 29th. This is a positive change from Barrick Gold’s previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a dividend yield of 0.82%. Barrick Gold’s dividend payout ratio (DPR) is currently 4.74%.
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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.
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