Barrick Gold (TSE:ABX) Given Buy Rating at TD Securities

TD Securities reaffirmed their buy rating on shares of Barrick Gold (TSE:ABX) (NYSE:ABX) in a report released on Tuesday morning, Stock Target Advisor reports. TD Securities currently has a C$29.00 target price on the basic materials company’s stock.

Several other research analysts also recently issued reports on ABX. CIBC reiterated an outperform rating and issued a C$31.00 target price on shares of Barrick Gold in a research note on Thursday, February 15th. Stifel Nicolaus cut their target price on Barrick Gold from C$30.00 to C$25.00 and set a buy rating on the stock in a research note on Friday, January 26th. National Bankshares decreased their price target on Barrick Gold from C$29.00 to C$28.00 and set a sector perform rating for the company in a research note on Tuesday, February 6th. Veritas Investment Research increased their price objective on Barrick Gold from C$20.70 to C$25.00 in a research report on Friday, April 12th. Finally, Sanford C. Bernstein reduced their price objective on Barrick Gold from C$30.00 to C$29.00 and set an outperform rating for the company in a report on Thursday, January 25th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of C$28.10.

Barrick Gold Trading Down 5.0 %

Shares of ABX opened at C$22.78 on Tuesday. Barrick Gold has a 1-year low of C$18.65 and a 1-year high of C$28.19. The firm’s 50-day moving average price is C$21.39 and its 200-day moving average price is C$21.95. The company has a current ratio of 3.16, a quick ratio of 2.62 and a debt-to-equity ratio of 16.32. The firm has a market capitalization of C$40.09 billion, a price-to-earnings ratio of 23.01, a PEG ratio of 1.94 and a beta of 0.46.

Barrick Gold (TSE:ABX) (NYSE:ABX) last announced its quarterly earnings data on Wednesday, February 14th. The basic materials company reported C$0.37 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.28 by C$0.09. Barrick Gold had a net margin of 11.16% and a return on equity of 6.17%. The business had revenue of C$4.16 billion for the quarter, compared to analysts’ expectations of C$4.28 billion. Sell-side analysts anticipate that Barrick Gold will post 1.196793 EPS for the current year.

Barrick Gold Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were issued a $0.10 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $0.40 dividend on an annualized basis and a yield of 1.76%. Barrick Gold’s dividend payout ratio is currently 54.55%.

Barrick Gold Company Profile

Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties in Canada and internationally. The company also explores and sells silver and energy materials. It has ownership interests in producing gold mines located in Argentina, Canada, Côte d'Ivoire, the Democratic Republic of Congo, the Dominican Republic, Mali, Tanzania, and the United States.