Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) announced a quarterly dividend on Wednesday, November 6th, Zacks reports. Shareholders of record on Friday, November 29th will be given a dividend of 0.038 per share by the basic materials company on Monday, December 16th. This represents a $0.15 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date is Wednesday, November 27th.
Barrick Gold stock opened at $16.36 on Friday. The firm has a market cap of $29.40 billion, a PE ratio of 46.74, a price-to-earnings-growth ratio of 15.87 and a beta of -0.36. Barrick Gold has a 52-week low of $11.52 and a 52-week high of $20.07. The company has a quick ratio of 1.63, a current ratio of 2.72 and a debt-to-equity ratio of 0.30. The company’s 50 day moving average is $17.37 and its two-hundred day moving average is $15.99.
Barrick Gold (NYSE:GOLD) (TSE:ABX) last released its earnings results on Monday, August 12th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.01). The business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.09 billion. Barrick Gold had a positive return on equity of 3.49% and a negative net margin of 16.51%. On average, equities research analysts anticipate that Barrick Gold will post 0.52 earnings per share for the current fiscal year.
GOLD has been the topic of a number of analyst reports. ValuEngine lowered shares of Barrick Gold from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. National Bank Financial restated an “outperform overweight” rating on shares of Barrick Gold in a report on Thursday, October 3rd. Barclays lowered shares of Barrick Gold from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $15.00 to $18.00 in a report on Tuesday, July 16th. Bank of America raised their price objective on shares of Barrick Gold from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Tuesday, September 24th. Finally, HC Wainwright raised their price objective on shares of Barrick Gold from $5.00 to $5.75 and gave the company a “buy” rating in a report on Monday, August 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $16.59.
About Barrick Gold
Barrick Gold Corporation engages in the exploration and development of mineral properties. It primarily explores for gold and copper deposits. The company holds a 50% interest in the Veladero mine located in the San Juan Province of Argentina; 50% interest in the KCGM, a gold mine located in Australia; 95% interest in Porgera, a gold mine located in Papua New Guinea; 50% interest in the ZaldÃvar, a copper mine located in Chile; and 50% interest in the Jabal Sayid, a copper mine located in Saudi Arabia.
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