Barrick Gold Corp (NYSE:GOLD) (TSE:ABX)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $15.50 and traded as high as $17.90. Barrick Gold shares last traded at $17.71, with a volume of 350,123 shares.
Several equities analysts have issued reports on GOLD shares. Barclays lowered Barrick Gold from an “overweight” rating to an “equal weight” rating and boosted their price target for the company from $15.00 to $18.00 in a research note on Tuesday, July 16th. Bank of America boosted their price target on Barrick Gold from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Tuesday, September 24th. HC Wainwright boosted their price target on Barrick Gold from $5.00 to $5.75 and gave the company a “buy” rating in a research note on Monday, August 19th. BMO Capital Markets raised Barrick Gold to an “outperform” rating and boosted their price target for the company from $14.50 to $20.00 in a research note on Wednesday, July 3rd. Finally, National Bank Financial reissued an “outperform overweight” rating on shares of Barrick Gold in a research note on Thursday, October 3rd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. Barrick Gold has an average rating of “Hold” and a consensus price target of $16.30.
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 business has a 50-day moving average price of $18.27 and a two-hundred day moving average price of $15.50. The company has a market capitalization of $31.39 billion, a price-to-earnings ratio of 51.10, a price-to-earnings-growth ratio of 16.35 and a beta of -0.40.
Barrick Gold (NYSE:GOLD) (TSE:ABX) last issued its earnings results on Monday, August 12th. The basic materials company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). Barrick Gold had a positive return on equity of 3.49% and a negative net margin of 16.51%. The firm had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.09 billion. On average, sell-side analysts anticipate that Barrick Gold Corp will post 0.54 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date was Thursday, August 29th. Barrick Gold’s payout ratio is 45.71%.
Barrick Gold Company Profile (NYSE: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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