Barrick Gold Corp (TSE:ABX) (NYSE:ABX) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $22.99 and traded as high as $23.45. Barrick Gold shares last traded at $23.39, with a volume of 2,016,297 shares trading hands.
Several brokerages recently commented on ABX. Eight Capital raised Barrick Gold from a “neutral” rating to a “buy” rating and increased their price target for the company from C$28.00 to C$30.00 in a research report on Monday, December 16th. National Bank Financial reduced their price target on Barrick Gold from C$34.00 to C$30.00 and set an “outperform” rating for the company in a research report on Monday, November 18th. Finally, Accountability Research raised Barrick Gold from a “hold” rating to a “buy” rating and set a C$27.00 price target for the company in a research report on Thursday, November 14th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Barrick Gold has a consensus rating of “Buy” and a consensus target price of C$23.96.
The firm has a 50-day moving average of C$23.22 and a 200 day moving average of C$23.00. The company has a debt-to-equity ratio of 19.58, a current ratio of 2.99 and a quick ratio of 1.47. The stock has a market capitalization of $41.19 billion and a price-to-earnings ratio of 27.12.
Barrick Gold (TSE:ABX) (NYSE:ABX) last released its quarterly earnings data on Wednesday, November 6th. The basic materials company reported C$0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.14 by C$0.06. The business had revenue of C$3.54 billion during the quarter, compared to the consensus estimate of C$3.43 billion. On average, equities analysts forecast that Barrick Gold Corp will post 0.49 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were paid a $0.05 dividend. The ex-dividend date was Thursday, November 28th. This represents a $0.20 annualized dividend and a yield of 0.86%. Barrick Gold’s dividend payout ratio is 20.88%.
About Barrick Gold (TSE:ABX)
Barrick Gold Corporation explores for and develops mineral properties. The company primarily explores for gold, copper, and silver deposits. It holds a 50% interest in the Veladero, a gold mine located in Argentina; 50% interest in the Kalgoorlie gold mine located in Australia; 95% interest in the Porgera gold mine located in Papua New Guinea; 50% interest in the Zaldívar, a copper mine located in Chile; and 50% interest in the Jabal Sayid copper mine located in Saudi Arabia.
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