Barrick Gold Corp. Given Average Rating of “Hold” by Analysts (TSE:ABX)
Barrick Gold Corp. (TSE:ABX) has been given an average recommendation of “Hold” by the eleven brokerages that are presently covering the company, StockRatingsNetwork reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$19.78.
A number of analysts have recently weighed in on ABX shares. Analysts at Goldman Sachs raised their price target on shares of Barrick Gold Corp. from C$23.00 to C$24.00 in a research note on Wednesday. Separately, 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. Finally, 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.
Shares of Barrick Gold Corp. (TSE:ABX) opened at 19.97 on Tuesday. Barrick Gold Corp. has a 1-year low of $16.325 and a 1-year high of $23.78. The stock has a 50-day moving average of $20.22 and a 200-day moving average of $20.08. The company’s market cap is $23.258 billion.
Barrick Gold Corp. (TSE:ABX) last posted its quarterly earnings results on Friday, August 1st. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.01. Analysts expect that Barrick Gold Corp. will post $0.79 EPS 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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