Barrick Gold Corp. Given Consensus Recommendation of “Hold” by Brokerages (TSE:ABX)
Barrick Gold Corp. (TSE:ABX) has received a consensus recommendation of “Hold” from the eleven brokerages that are covering the stock, ARN reports. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$19.25.
Several analysts have recently commented on the stock. Analysts at RBC Capital raised their price target on shares of Barrick Gold Corp. from C$23.00 to C$25.00 in a research note on Thursday, August 7th. They now have an “outperform” rating on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Barrick Gold Corp. from C$18.50 to C$19.00 in a research note on Thursday, July 17th. They now have a “sell” rating on the stock. Finally, analysts at Canaccord Genuity cut their price target on shares of Barrick Gold Corp. from C$19.00 to C$18.50 in a research note on Thursday, July 10th. They now have a “sell” rating on the stock.
Shares of Barrick Gold Corp. (TSE:ABX) opened at 20.66 on Tuesday. Barrick Gold Corp. has a one year low of $16.325 and a one year high of $23.78. The stock’s 50-day moving average is $20.14 and its 200-day moving average is $20.10. The company’s market cap is $24.062 billion.
Barrick Gold Corp. (TSE:ABX) last issued its quarterly earnings data on Friday, August 1st. The company reported $0.15 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.16 by $0.01. On average, analysts predict that Barrick Gold Corp. will post $0.79 earnings per share for the current fiscal year.
The company also recently announced a Quarterly dividend, which is scheduled for Monday, September 15th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.05 per share. This represents a dividend yield of 0.99%. The ex-dividend date is Wednesday, August 27th.
Barrick Gold Corporation (TSE: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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