Barrick Gold Corp (TSE:ABX) (NYSE:ABX) declared a quarterly dividend on Wednesday, November 6th, Zacks reports. Investors of record on Friday, November 29th will be given a dividend of 0.05 per share by the basic materials company on Monday, December 16th. This represents a $0.20 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend is Thursday, November 28th.
Barrick Gold stock opened at C$21.56 on Friday. Barrick Gold has a 52 week low of C$15.37 and a 52 week high of C$26.69. The business has a 50-day simple moving average of C$22.93 and a 200 day simple moving average of C$21.18. The company has a quick ratio of 1.45, a current ratio of 2.72 and a debt-to-equity ratio of 31.45. The stock has a market cap of $38.17 billion and a price-to-earnings ratio of -24.12.
Barrick Gold (TSE:ABX) (NYSE:ABX) last posted its earnings results on Monday, August 12th. The basic materials company reported C$0.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.13 by C($0.01). The company had revenue of C$2.76 billion during the quarter, compared to analyst estimates of C$2.78 billion. On average, research analysts anticipate that Barrick Gold will post 0.49 earnings per share for the current year.
A number of research firms have recently issued reports on ABX. Eight Capital upped their price objective on Barrick Gold from C$20.00 to C$28.00 in a report on Thursday, August 8th. Macquarie reiterated an “outperform” rating and issued a C$28.50 price objective on shares of Barrick Gold in a report on Friday, September 13th. National Bank Financial upped their price objective on Barrick Gold from C$31.00 to C$34.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Finally, Canaccord Genuity upped their price objective on Barrick Gold from C$21.00 to C$22.00 in a report on Monday, September 16th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of C$23.18.
In other news, Senior Officer Mark Francis Hill acquired 20,373 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was purchased at an average cost of C$24.03 per share, for a total transaction of C$489,563.19. Following the acquisition, the insider now owns 38,826 shares of the company’s stock, valued at C$932,988.78.
Barrick Gold Company Profile
Barrick Gold Corporation explores for and develops mineral properties. The company primarily explores for gold, copper, and silver deposits. It holds a 50% interest in the Veladero, a gold mine located in Argentina; 50% interest in the Kalgoorlie gold mine located in Australia; 95% interest in the Porgera gold mine located in Papua New Guinea; 50% interest in the Zaldívar, a copper mine located in Chile; and 50% interest in the Jabal Sayid copper mine located in Saudi Arabia.
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