Barrick Gold Corporation (NYSE:ABX) (TSE:ABX)‘s stock had its “buy” rating reaffirmed by stock analysts at Deutsche Bank AG in a report issued on Sunday. They presently have a $21.00 price objective on the basic materials company’s stock, down from their previous price objective of $22.00. Deutsche Bank AG’s target price points to a potential upside of 27.43% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. TD Securities reaffirmed a “hold” rating on shares of Barrick Gold Corporation in a research note on Sunday, May 28th. BidaskClub raised shares of Barrick Gold Corporation from a “sell” rating to a “hold” rating in a research note on Saturday. Raymond James Financial, Inc. reiterated a “market perform” rating and set a $19.00 price objective on shares of Barrick Gold Corporation in a report on Thursday, June 15th. Jefferies Group LLC lifted their price objective on shares of Barrick Gold Corporation from $21.00 to $24.00 and gave the company a “buy” rating in a report on Wednesday, April 19th. Finally, Vetr cut shares of Barrick Gold Corporation from a “buy” rating to a “hold” rating and set a $19.30 price objective for the company. in a report on Wednesday, March 15th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $22.44.

Analyst Recommendations for Barrick Gold Corporation (NYSE:ABX)

Shares of Barrick Gold Corporation (NYSE ABX) traded up 2.42% during trading on Friday, hitting $16.48. 10,558,963 shares of the stock traded hands. The firm has a market capitalization of $19.21 billion, a price-to-earnings ratio of 13.62 and a beta of -0.27. The firm has a 50-day moving average of $16.40 and a 200-day moving average of $17.50. Barrick Gold Corporation has a 1-year low of $13.81 and a 1-year high of $23.47.

Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) last posted its quarterly earnings results on Monday, April 24th. The basic materials company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.21 by $0.07. Barrick Gold Corporation had a net margin of 16.44% and a return on equity of 8.34%. The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same period last year, the firm posted $0.11 earnings per share. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, equities analysts forecast that Barrick Gold Corporation will post $0.73 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Wednesday, May 31st were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date was Friday, May 26th. Barrick Gold Corporation’s payout ratio is 9.92%.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ABX. Van ECK Associates Corp boosted its position in Barrick Gold Corporation by 5.5% in the first quarter. Van ECK Associates Corp now owns 74,763,721 shares of the basic materials company’s stock worth $1,419,763,000 after buying an additional 3,877,115 shares during the last quarter. Vanguard Group Inc. boosted its position in Barrick Gold Corporation by 4.2% in the first quarter. Vanguard Group Inc. now owns 26,244,966 shares of the basic materials company’s stock worth $498,391,000 after buying an additional 1,052,610 shares during the last quarter. BlackRock Inc. boosted its position in Barrick Gold Corporation by 40,554.0% in the first quarter. BlackRock Inc. now owns 23,482,163 shares of the basic materials company’s stock worth $445,925,000 after buying an additional 23,424,402 shares during the last quarter. FMR LLC boosted its position in Barrick Gold Corporation by 13.7% in the first quarter. FMR LLC now owns 18,633,462 shares of the basic materials company’s stock worth $353,936,000 after buying an additional 2,241,822 shares during the last quarter. Finally, Majedie Asset Management Ltd boosted its position in Barrick Gold Corporation by 5.5% in the first quarter. Majedie Asset Management Ltd now owns 17,495,626 shares of the basic materials company’s stock worth $332,242,000 after buying an additional 910,252 shares during the last quarter. Hedge funds and other institutional investors own 57.96% of the company’s stock.

About Barrick Gold Corporation

Barrick Gold Corporation (Barrick) is a gold mining company. The Company is principally engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. The Company’s segments include Goldstrike, Cortez, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Acacia Mining plc (Acacia), Pascua-Lama and Other Mines.

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