Goldman Sachs Raises Barrick Gold Corp. Price Target to C$24.00 (ABX)
Research analysts at Goldman Sachs hoisted their target price on shares of Barrick Gold Corp. (TSE:ABX) from C$23.00 to C$24.00 in a report released on Wednesday. Goldman Sachs’ price target suggests a potential upside of 16.50% from the stock’s previous close.
ABX has been the subject of a number of other recent research reports. 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. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of C$19.78.
Barrick Gold Corp. (TSE:ABX) traded down 0.39% on Wednesday, hitting $20.52. 1,709,733 shares of the company’s stock traded hands. Barrick Gold Corp. has a one year low of $16.325 and a one year high of $23.78. The stock has a 50-day moving average of $20.15 and a 200-day moving average of $20.0. The company’s market cap is $23.899 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 declared a Quarterly dividend, which is scheduled for Monday, September 15th. Stockholders of record on Monday, September 15th will be given a dividend of $0.05 per share. This represents a yield of 0.99%. The ex-dividend date of this dividend 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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