Barrick Gold Corp. Given Sector Perform Rating at CIBC (ABX)
Shares of Barrick Gold Corp. traded down 2.68% during mid-day trading on Monday, hitting $29.39. Barrick Gold Corp. has a one year low of $30.13 and a one year high of $47.39. The stock’s 50-day moving average is currently $32.54. The company’s market cap is $29.423 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse cut their price target on shares of Barrick Gold Corp. from $49.00 to $45.00 in a research note to investors on Wednesday, February 27th. They now have an “outperform” rating on the stock. Separately, analysts at RBC Capital cut their price target on shares of Barrick Gold Corp. from $41.00 to $37.00 in a research note to investors on Thursday, February 21st. Finally, analysts at RBC Capital reiterated a “sector perform” rating on shares of Barrick Gold Corp. in a research note to investors on Thursday, February 21st.
The company also recently declared a quarterly dividend, which is scheduled for Friday, March 15th. Stockholders of record on Thursday, February 28th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.72%.
Barrick Gold Corporation (Barrick) is engaged in the production and sale of gold, as well as related activities.
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