Barrick Gold Corp (ABX) Receives Average Rating of “Hold” from Brokerages
Shares of Barrick Gold Corp (TSE:ABX) (NYSE:ABX) have been given a consensus recommendation of “Hold” by the nine analysts that are covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$25.17.
ABX has been the topic of several research analyst reports. BMO Capital Markets restated an “outperform” rating and set a C$21.00 target price on shares of Barrick Gold Corp in a report on Friday, June 30th. TD Securities restated a “hold” rating and set a C$27.00 target price on shares of Barrick Gold Corp in a report on Tuesday, July 4th. Royal Bank Of Canada restated an “outperform” rating on shares of Barrick Gold Corp in a report on Friday, June 23rd. Finally, Scotiabank restated a “sector perform” rating and set a C$30.00 target price on shares of Barrick Gold Corp in a report on Tuesday, July 4th.
Shares of Barrick Gold Corp (ABX) traded down 2.36% during midday trading on Wednesday, hitting $21.10. 2,351,834 shares of the company were exchanged. Barrick Gold Corp has a one year low of $18.52 and a one year high of $27.19. The company’s 50 day moving average price is $21.38 and its 200 day moving average price is $22.73. The firm has a market cap of $24.60 billion and a P/E ratio of 10.45.
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 $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.57%. The ex-dividend date is Tuesday, August 29th.
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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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