Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) has received an average rating of “Hold” from the eighteen brokerages that are covering the firm, MarketBeat Ratings reports. Thirteen analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $19.35.

Several equities research analysts recently issued reports on the stock. BidaskClub raised shares of Barrick Gold Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 31st. TD Securities set a $20.00 price objective on shares of Barrick Gold Corporation and gave the company a “hold” rating in a report on Thursday, October 12th. Jefferies Group LLC set a $20.00 price objective on shares of Barrick Gold Corporation and gave the company a “buy” rating in a report on Thursday, October 19th. Citigroup Inc. reaffirmed a “buy” rating on shares of Barrick Gold Corporation in a report on Wednesday, September 6th. Finally, Royal Bank Of Canada set a $21.00 price objective on shares of Barrick Gold Corporation and gave the company a “buy” rating in a report on Wednesday, August 23rd.

Several institutional investors have recently added to or reduced their stakes in ABX. Geode Capital Management LLC lifted its holdings in shares of Barrick Gold Corporation by 7.2% during the first quarter. Geode Capital Management LLC now owns 581,148 shares of the basic materials company’s stock worth $10,973,000 after purchasing an additional 38,880 shares during the period. State Street Corp lifted its holdings in shares of Barrick Gold Corporation by 4.3% during the first quarter. State Street Corp now owns 862,604 shares of the basic materials company’s stock worth $16,381,000 after purchasing an additional 35,791 shares during the period. Gateway Investment Advisers LLC lifted its holdings in shares of Barrick Gold Corporation by 23.1% during the second quarter. Gateway Investment Advisers LLC now owns 24,888 shares of the basic materials company’s stock worth $396,000 after purchasing an additional 4,675 shares during the period. Creative Planning lifted its holdings in shares of Barrick Gold Corporation by 25.1% during the second quarter. Creative Planning now owns 21,064 shares of the basic materials company’s stock worth $335,000 after purchasing an additional 4,221 shares during the period. Finally, Aperio Group LLC lifted its holdings in shares of Barrick Gold Corporation by 4.2% during the second quarter. Aperio Group LLC now owns 350,211 shares of the basic materials company’s stock worth $5,572,000 after purchasing an additional 14,061 shares during the period. 55.87% of the stock is owned by hedge funds and other institutional investors.

Barrick Gold Corporation (ABX) opened at $13.90 on Tuesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.56 and a current ratio of 2.73. The stock has a market cap of $16,220.00, a PE ratio of 19.01, a price-to-earnings-growth ratio of 9.38 and a beta of -0.39. Barrick Gold Corporation has a one year low of $13.80 and a one year high of $20.78.

Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) last posted its earnings results on Wednesday, October 25th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.01). The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $2.02 billion. Barrick Gold Corporation had a net margin of 25.72% and a return on equity of 7.73%. Barrick Gold Corporation’s revenue was down 15.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.24 EPS. equities research analysts forecast that Barrick Gold Corporation will post 0.75 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend is Wednesday, November 29th. Barrick Gold Corporation’s dividend payout ratio is presently 6.42%.

WARNING: “Barrick Gold Corporation (ABX) Receives Consensus Rating of “Hold” from Analysts” was first posted by American Banking News and is the property of of American Banking News. If you are accessing this news story on another site, it was stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/11/21/barrick-gold-corporation-abx-receives-consensus-rating-of-hold-from-analysts.html.

Barrick Gold Corporation Company Profile

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.

Analyst Recommendations for Barrick Gold Corporation (NYSE:ABX)

Receive News & Ratings for Barrick Gold Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barrick Gold Corporation and related companies with MarketBeat.com's FREE daily email newsletter.