Barrick Gold Corp. Price Target Cut to $43.00 (ABX)
Research analysts at Barclays Capital dropped their target price on shares of Barrick Gold Corp. (TSE: ABX) from $44.00 to $43.00 in a report released on Tuesday. The firm currently has an “equal weight” rating on the stock.
Barrick Gold Corp. opened at 29.30 on Tuesday. Barrick Gold Corp. has a 1-year low of $29.30 and a 1-year high of $46.05. The stock’s 50-day moving average is currently $32.2. The company’s market cap is $29.332 billion.
ABX has been the subject of a number of other recent research reports. Analysts at CIBC reiterated a “sector perform” rating on shares of Barrick Gold Corp. in a research note to investors on Monday. They now have a $52.00 price target on the stock. Separately, 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. Finally, 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.
The company also recently declared a quarterly dividend, which is scheduled for Friday, March 15th. Investors 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 2.73%.
Barrick Gold Corporation (Barrick) is engaged in the production and sale of gold, as well as related activities.
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