Shares of Barrick Gold Corp (NYSE:ABX) (TSE:ABX) have earned a consensus rating of “Hold” from the eighteen research firms that are presently covering the company, MarketBeat reports. Twelve research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $20.03.
A number of equities research analysts recently weighed in on ABX shares. BidaskClub upgraded shares of Barrick Gold Corp from a “sell” rating to a “hold” rating in a report on Monday, July 31st. TD Securities set a $20.00 price objective on shares of Barrick Gold Corp and gave the company a “hold” rating in a report on Thursday, October 12th. Royal Bank Of Canada reiterated a “buy” rating and set a $21.00 price objective on shares of Barrick Gold Corp in a report on Tuesday, July 18th. Jefferies Group LLC set a $20.00 price objective on shares of Barrick Gold Corp and gave the company a “buy” rating in a report on Thursday, October 19th. Finally, Citigroup Inc. reiterated a “buy” rating on shares of Barrick Gold Corp in a report on Wednesday, September 6th.
Several institutional investors have recently modified their holdings of ABX. Advisors Asset Management Inc. grew its position in shares of Barrick Gold Corp by 116.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 6,588 shares of the basic materials company’s stock worth $105,000 after buying an additional 3,543 shares during the last quarter. FNY Partners Fund LP purchased a new position in shares of Barrick Gold Corp in the 2nd quarter worth approximately $159,000. F&V Capital Management LLC purchased a new position in shares of Barrick Gold Corp in the 2nd quarter worth approximately $161,000. Neuberger Berman Group LLC purchased a new position in shares of Barrick Gold Corp in the 2nd quarter worth approximately $161,000. Finally, ETRADE Capital Management LLC purchased a new position in shares of Barrick Gold Corp in the 2nd quarter worth approximately $180,000. 56.18% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Barrick Gold Corp (NYSE ABX) traded up 0.20% during trading on Friday, hitting $14.71. 6,896,206 shares of the company traded hands. The company has a 50 day moving average price of $16.44 and a 200 day moving average price of $16.70. Barrick Gold Corp has a 52 week low of $13.81 and a 52 week high of $20.78. The company has a market capitalization of $17.15 billion, a price-to-earnings ratio of 7.28 and a beta of -0.33.
Barrick Gold Corp (NYSE:ABX) (TSE:ABX) last announced its quarterly earnings data on Wednesday, October 25th. The basic materials company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). Barrick Gold Corp had a negative net margin of 2.16% and a negative return on equity of 0.46%. The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter in the previous year, the business earned $0.24 EPS. The company’s quarterly revenue was down 15.8% compared to the same quarter last year. On average, analysts expect that Barrick Gold Corp will post $0.76 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend is Wednesday, November 29th. Barrick Gold Corp’s payout ratio is currently 6.45%.
Barrick Gold Corp Company Profile
Barrick Gold Corporation (Barrick) is a gold mining company. The Company is principally engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. The Company’s segments include Goldstrike, Cortez, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Acacia Mining plc (Acacia), Pascua-Lama and Other Mines.
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