Barrick Gold (TSE:ABX) Price Target Increased to C$25.00 by Analysts at Veritas Investment Research

Barrick Gold (TSE:ABXFree Report) (NYSE:ABX) had its price target upped by Veritas Investment Research from C$20.70 to C$25.00 in a research report report published on Friday, MarketBeat.com reports.

Several other research firms have also recently weighed in on ABX. National Bank Financial restated a sector perform overweight rating on shares of Barrick Gold in a research report on Monday, April 8th. Berenberg Bank boosted their price objective on shares of Barrick Gold from C$29.00 to C$31.00 in a research report on Monday, April 8th. Raymond James lowered their target price on shares of Barrick Gold from C$28.00 to C$24.00 in a report on Friday, February 16th. National Bankshares lowered their target price on shares of Barrick Gold from C$29.00 to C$28.00 and set a sector perform rating for the company in a report on Tuesday, February 6th. Finally, Sanford C. Bernstein lowered their target price on shares of 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 equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of C$28.65.

Check Out Our Latest Report on ABX

Barrick Gold Stock Performance

ABX stock opened at C$23.97 on Friday. The company has a debt-to-equity ratio of 16.32, a current ratio of 3.16 and a quick ratio of 2.62. The company has a 50 day moving average price of C$21.34 and a 200 day moving average price of C$21.92. Barrick Gold has a fifty-two week low of C$18.65 and a fifty-two week high of C$28.19. The stock has a market capitalization of C$42.19 billion, a PE ratio of 24.21, a price-to-earnings-growth ratio of 1.94 and a beta of 0.46.

Barrick Gold (TSE:ABXGet Free Report) (NYSE:ABX) last posted its quarterly earnings data on Wednesday, February 14th. The basic materials company reported C$0.37 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of C$4.16 billion during the quarter, compared to analysts’ expectations of C$4.28 billion. Analysts forecast that Barrick Gold will post 1.196793 EPS for the current year.

Barrick Gold Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend was Wednesday, February 28th. Barrick Gold’s dividend payout ratio (DPR) is 54.55%.

Barrick Gold Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Barrick Gold (TSE:ABX)

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