Barrick Gold (NYSE:GOLD) Trading 1.3% Higher
Barrick Gold Corp (NYSE:GOLD) (TSE:ABX)’s share price traded up 1.3% during trading on Monday . The company traded as high as $14.08 and last traded at $14.08. 284,802 shares changed hands during mid-day trading, a decline of 98% from the average session volume of 13,141,527 shares. The stock had previously closed at $13.90.
A number of equities analysts have recently commented on the stock. Citigroup lowered shares of Barrick Gold to a “neutral” rating in a report on Thursday, May 23rd. ValuEngine lowered shares of Barrick Gold from a “buy” rating to a “hold” rating in a report on Monday, April 29th. Deutsche Bank raised shares of Barrick Gold from a “hold” rating to a “buy” rating and increased their price target for the stock from $12.75 to $15.00 in a report on Wednesday, April 10th. Desjardins raised shares of Barrick Gold from a “hold” rating to a “buy” rating in a report on Wednesday, March 13th. Finally, HC Wainwright reissued a “buy” rating and issued a $5.00 price target on shares of Barrick Gold in a report on Tuesday, March 5th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $14.71.
The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.47 and a current ratio of 2.46. The company’s fifty day simple moving average is $12.61. The firm has a market capitalization of $24.43 billion, a P/E ratio of 40.31, a P/E/G ratio of 17.99 and a beta of -0.46.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend is Thursday, May 30th. Barrick Gold’s dividend payout ratio is currently 45.71%.
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About Barrick Gold (NYSE:GOLD)
Barrick Gold Corporation engages in the exploration and development of mineral properties. It primarily explores for gold and copper deposits. The company holds a 50% interest in the Veladero mine located in the San Juan Province of Argentina; 50% interest in the KCGM, a gold mine located in Australia; 95% interest in Porgera, a gold mine located in Papua New Guinea; 50% interest in the ZaldÃvar, a copper mine located in Chile; and 50% interest in the Jabal Sayid, a copper mine located in Saudi Arabia.
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