Barrick Gold Corp (NYSE:ABX) (TSE:ABX) has earned a consensus recommendation of “Hold” from the twenty-two analysts that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $16.82.
ABX has been the topic of several recent analyst reports. Zacks Investment Research downgraded Barrick Gold from a “hold” rating to a “sell” rating in a research note on Tuesday, January 30th. TD Securities lifted their target price on Barrick Gold from $17.00 to $17.50 and gave the company a “hold” rating in a research note on Friday, January 12th. BMO Capital Markets set a $16.00 target price on Barrick Gold and gave the company a “hold” rating in a research note on Tuesday, December 19th. Morgan Stanley cut their target price on Barrick Gold from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 28th. Finally, Citigroup set a $11.00 target price on Barrick Gold and gave the company a “sell” rating in a research note on Thursday, March 1st.
Barrick Gold stock traded up $0.17 during mid-day trading on Monday, hitting $12.62. 10,068,006 shares of the company’s stock traded hands, compared to its average volume of 13,569,060. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.68 and a quick ratio of 1.60. The company has a market capitalization of $14,527.82, a P/E ratio of 16.83, a PEG ratio of 7.38 and a beta of -0.18. Barrick Gold has a one year low of $11.07 and a one year high of $20.36.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.95%. The ex-dividend date was Tuesday, February 27th. Barrick Gold’s dividend payout ratio (DPR) is presently 16.00%.
Several hedge funds have recently modified their holdings of ABX. Raymond James Financial Services Advisors Inc. increased its position in shares of Barrick Gold by 22.0% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 51,342 shares of the basic materials company’s stock valued at $826,000 after purchasing an additional 9,264 shares during the period. Quantbot Technologies LP acquired a new position in shares of Barrick Gold in the 3rd quarter worth $406,000. Ameriprise Financial Inc. grew its holdings in shares of Barrick Gold by 25.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 73,411 shares of the basic materials company’s stock worth $1,181,000 after acquiring an additional 14,904 shares during the last quarter. Great West Life Assurance Co. Can grew its holdings in shares of Barrick Gold by 17.4% in the 3rd quarter. Great West Life Assurance Co. Can now owns 3,312,279 shares of the basic materials company’s stock worth $53,293,000 after acquiring an additional 490,611 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of Barrick Gold by 1.2% in the 3rd quarter. Legal & General Group Plc now owns 4,999,839 shares of the basic materials company’s stock worth $80,274,000 after acquiring an additional 60,925 shares during the last quarter. Institutional investors own 52.89% of the company’s stock.
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About Barrick Gold
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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