Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $17.43 and traded as high as $17.98. Barrick Gold shares last traded at $17.75, with a volume of 8,892,982 shares traded.
A number of equities analysts recently commented on GOLD shares. National Bank Financial reissued an “outperform overweight” rating on shares of Barrick Gold in a research note on Thursday, October 3rd. Bank of America increased 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. Finally, ValuEngine lowered Barrick Gold from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $15.95.
The business has a 50 day moving average of $17.68 and a 200 day moving average of $17.44. The company has a market capitalization of $30.76 billion, a P/E ratio of 51.14, a price-to-earnings-growth ratio of 13.17 and a beta of -0.37. The company has a quick ratio of 1.76, a current ratio of 2.99 and a debt-to-equity ratio of 0.19.
Barrick Gold (NYSE:GOLD) (TSE:ABX) last announced its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.05. Barrick Gold had a return on equity of 3.60% and a net margin of 15.85%. The company had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.62 billion. On average, research analysts anticipate that Barrick Gold Corp will post 0.53 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were given a dividend of $0.038 per share. The ex-dividend date was Wednesday, November 27th. This represents a $0.15 dividend on an annualized basis and a yield of 0.85%. Barrick Gold’s dividend payout ratio (DPR) is presently 57.14%.
About Barrick Gold (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 Zaldavar, a copper mine located in Chile; and 50% interest in the Jabal Sayid, a copper mine located in Saudi Arabia.
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