Barrick Gold (TSE:ABX) Price Target Increased to C$30.00 by Analysts at Canaccord Genuity Group

Barrick Gold (TSE:ABX) (NYSE:ABX) had its price target increased by Canaccord Genuity Group from C$27.00 to C$30.00 in a report released on Tuesday, BayStreet.CA reports.

Several other research firms also recently issued reports on ABX. TD Securities restated a buy rating and set a C$29.00 target price on shares of Barrick Gold in a research report on Tuesday, April 16th. Berenberg Bank increased their target price on Barrick Gold from C$29.00 to C$31.00 in a research report on Monday, April 8th. Sanford C. Bernstein increased their target price on Barrick Gold from C$31.00 to C$32.00 and gave the stock an outperform rating in a research report on Thursday, April 18th. CIBC reiterated an outperform rating and issued a C$31.00 price objective on shares of Barrick Gold in a research report on Thursday, February 15th. Finally, National Bankshares lowered their price objective on Barrick Gold from C$30.00 to C$28.00 and set a sector perform rating on the stock in a research report on Friday, April 19th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of C$29.27.

Barrick Gold Stock Up 0.1 %

ABX stock opened at C$23.36 on Tuesday. The stock’s 50 day simple moving average is C$21.93 and its 200 day simple moving average is C$22.10. Barrick Gold has a fifty-two week low of C$18.65 and a fifty-two week high of C$28.19. The company has a debt-to-equity ratio of 16.32, a quick ratio of 2.62 and a current ratio of 3.16. The company has a market cap of C$41.11 billion, a P/E ratio of 23.60, a price-to-earnings-growth ratio of 1.94 and a beta of 0.46.

Barrick Gold (TSE:ABX) (NYSE:ABX) last released its earnings results on Wednesday, February 14th. The basic materials company reported C$0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.28 by C$0.09. The company had revenue of C$4.16 billion during the quarter, compared to analyst estimates of C$4.28 billion. Barrick Gold had a return on equity of 6.17% and a net margin of 11.16%. On average, research analysts expect that Barrick Gold will post 1.196793 earnings per share for the current fiscal year.

Barrick Gold Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were given a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.71%. Barrick Gold’s dividend payout ratio is currently 54.55%.

Barrick Gold Company Profile

Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties in Canada and internationally. The company also explores and sells silver and energy materials. It has ownership interests in producing gold mines located in Argentina, Canada, Côte d'Ivoire, the Democratic Republic of Congo, the Dominican Republic, Mali, Tanzania, and the United States.