Barrick Gold (TSE:ABX) Stock Crosses Above 200-Day Moving Average of $21.71

Barrick Gold Co. (TSE:ABX) (NYSE:ABX)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$21.71 and traded as high as C$21.99. Barrick Gold shares last traded at C$21.99, with a volume of 2,573,586 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ABX. CIBC reaffirmed an “outperform” rating and issued a C$31.00 target price on shares of Barrick Gold in a research report on Thursday, February 15th. Raymond James decreased their price objective on Barrick Gold from C$28.00 to C$24.00 in a report on Friday, February 16th. Stifel Nicolaus reduced their price objective on Barrick Gold from C$30.00 to C$25.00 and set a “buy” rating for the company in a research report on Friday, January 26th. National Bankshares dropped their target price on Barrick Gold from C$29.00 to C$28.00 and set a “sector perform” rating on the stock in a report on Tuesday, February 6th. Finally, National Bank Financial raised their price target on Barrick Gold to C$29.00 and gave the company a “sector perform” rating in a report on Monday, January 15th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$28.81.

Barrick Gold Stock Performance

The business has a fifty day moving average price of C$20.60 and a 200-day moving average price of C$21.71. The stock has a market capitalization of C$38.70 billion, a P/E ratio of 22.44, a P/E/G ratio of 1.94 and a beta of 0.41. The company has a quick ratio of 2.62, a current ratio of 3.16 and a debt-to-equity ratio of 16.32.

Barrick Gold (TSE:ABX) (NYSE:ABX) last announced its quarterly earnings results on Wednesday, February 14th. The basic materials company reported C$0.37 earnings per share (EPS) for the quarter, beating 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 firm had revenue of C$4.16 billion for the quarter, compared to the consensus estimate of C$4.28 billion. On average, sell-side analysts expect that Barrick Gold Co. will post 1.1903153 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 dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.40 annualized dividend and a dividend yield of 1.82%. Barrick Gold’s payout ratio is 55.10%.

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.