Shares of Barrick Gold Corp (TSE:ABX) (NYSE:ABX) have received an average rating of “Hold” from the nine brokerages that are presently covering the stock, Marketbeat.com reports. Seven analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$22.43.

ABX has been the subject of a number of analyst reports. BMO Capital Markets reaffirmed a “market perform” rating and set a C$18.00 price objective on shares of Barrick Gold Corp in a research note on Friday, October 13th. CSFB decreased their price objective on Barrick Gold Corp to C$24.00 and set a “neutral” rating for the company in a research note on Thursday, October 26th. Canaccord Genuity decreased their price objective on Barrick Gold Corp from C$30.00 to C$27.50 in a research note on Friday, September 29th. Royal Bank Of Canada cut Barrick Gold Corp from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from C$21.00 to C$18.00 in a research note on Wednesday, November 1st. Finally, TD Securities decreased their price objective on Barrick Gold Corp to C$22.00 and set a “hold” rating for the company in a research note on Monday, November 6th.

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Shares of Barrick Gold Corp (TSE ABX) opened at C$17.78 on Tuesday. Barrick Gold Corp has a twelve month low of C$17.61 and a twelve month high of C$27.19.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be issued a $0.037 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.83%. This is a positive change from Barrick Gold Corp’s previous quarterly dividend of $0.03. The ex-dividend date is Wednesday, November 29th. Barrick Gold Corp’s payout ratio is 4.62%.

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.

Analyst Recommendations for Barrick Gold Corp (TSE:ABX)

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