Royal Bank of Canada upgraded shares of Barrick Gold Corp (NYSE:ABX) (TSE:ABX) from a sector perform rating to an outperform rating in a report issued on Thursday. The brokerage currently has $23.00 price target on the stock, up from their prior price target of $19.00. The analysts noted that the move was a valuation call.

ABX has been the subject of several other research reports. Clarkson Capital lowered Barrick Gold Corp from a buy rating to a neutral rating in a research note on Wednesday, February 15th. Berenberg Bank restated a sell rating and issued a $15.20 price target on shares of Barrick Gold Corp in a research note on Thursday, February 16th. BMO Capital Markets set a $20.00 price target on Barrick Gold Corp and gave the company a buy rating in a research note on Thursday, February 2nd. Jefferies Group LLC set a $21.00 price target on Barrick Gold Corp and gave the company a buy rating in a research note on Tuesday, March 14th. Finally, Barclays PLC restated a hold rating and issued a $20.00 price target on shares of Barrick Gold Corp in a research note on Wednesday, January 11th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company’s stock. Barrick Gold Corp has an average rating of Hold and an average target price of $21.92.

Barrick Gold Corp (NYSE:ABX) opened at 19.06 on Thursday. Barrick Gold Corp has a 52 week low of $13.04 and a 52 week high of $23.47. The company has a market capitalization of $22.22 billion, a price-to-earnings ratio of 34.04 and a beta of -0.24. The company’s 50-day moving average price is $18.87 and its 200-day moving average price is $17.11.

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The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 15th. Investors of record on Tuesday, February 28th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.63%. This is a boost from Barrick Gold Corp’s previous quarterly dividend of $0.02. The ex-dividend date was Friday, February 24th. Barrick Gold Corp’s payout ratio is presently -3.90%.

A number of large investors have recently bought and sold shares of the company. Majedie Asset Management Ltd boosted its stake in Barrick Gold Corp by 165.3% in the third quarter. Majedie Asset Management Ltd now owns 10,811,567 shares of the company’s stock valued at $191,581,000 after buying an additional 6,736,764 shares during the last quarter. Nikko Asset Management Americas Inc. boosted its stake in Barrick Gold Corp by 20.5% in the third quarter. Nikko Asset Management Americas Inc. now owns 1,498,800 shares of the company’s stock valued at $26,558,000 after buying an additional 254,700 shares during the last quarter. BlackRock Japan Co. Ltd boosted its stake in Barrick Gold Corp by 27.1% in the third quarter. BlackRock Japan Co. Ltd now owns 1,110,220 shares of the company’s stock valued at $19,673,000 after buying an additional 236,727 shares during the last quarter. KCG Holdings Inc. boosted its stake in Barrick Gold Corp by 86.0% in the third quarter. KCG Holdings Inc. now owns 113,609 shares of the company’s stock valued at $2,013,000 after buying an additional 52,521 shares during the last quarter. Finally, Two Sigma Advisers LP boosted its stake in Barrick Gold Corp by 589.6% in the third quarter. Two Sigma Advisers LP now owns 1,839,174 shares of the company’s stock valued at $32,584,000 after buying an additional 1,572,470 shares during the last quarter. Institutional investors own 58.61% of the company’s stock.

About Barrick Gold Corp

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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