Barrick Gold Given Average Rating of “Hold” by Analysts (NYSE:ABX)
Barrick Gold (NYSE:ABX) has earned a consensus rating of “Hold” from the twenty-six analysts that are covering the stock, AnalystRatings.NET reports. Five research analysts have rated the stock with a sell recommendation, fourteen have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $21.02.
ABX has been the subject of a number of recent research reports. Analysts at Credit Suisse raised their price target on shares of Barrick Gold from $20.00 to $21.00 in a research note on Monday. Separately, analysts at HSBC upgraded shares of Barrick Gold from an “underweight” rating to a “neutral” rating in a research note on Tuesday, April 29th. They now have a $18.00 price target on the stock, up previously from $17.00. Finally, analysts at Goldman Sachs upgraded shares of Barrick Gold from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 22nd. They now have a $21.00 price target on the stock.
Barrick Gold (NYSE:ABX) opened at 17.195 on Friday. Barrick Gold has a 52-week low of $13.43 and a 52-week high of $21.68. The stock’s 50-day moving average is $18. and its 200-day moving average is $18.41. The company’s market cap is $20.026 billion.
Barrick Gold (NYSE:ABX) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.20 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.19 by $0.01. The company had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same quarter last year, the company posted $0.92 earnings per share. Barrick Gold’s revenue was down 22.6% compared to the same quarter last year. Analysts expect that Barrick Gold will post $0.83 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 16th. Investors of record on Friday, May 30th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Wednesday, May 28th.
Barrick Gold Corporation (NYSE:ABX) is engaged in the production and sale of gold, as well as related activities, such as exploration and mine development.
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