Barrick Gold (ABX) Given a $15.00 Price Target at UBS Group

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UBS Group set a $15.00 price target on Barrick Gold (NYSE:ABX) (TSE:ABX) in a research note issued to investors on Monday, www.stocktargetadvisor.com reports. The firm currently has a hold rating on the basic materials company’s stock.

ABX has been the subject of several other research reports. Deutsche Bank set a $15.00 price objective on shares of Barrick Gold and gave the stock a buy rating in a research note on Tuesday, October 2nd. JPMorgan Chase & Co. set a $14.00 price objective on shares of Barrick Gold and gave the stock a hold rating in a research note on Thursday, October 4th. Jefferies Financial Group cut shares of Barrick Gold from a buy rating to a hold rating and dropped their price objective for the stock from $17.00 to $11.00 in a research note on Monday, August 6th. TD Securities upgraded shares of Barrick Gold from a hold rating to a buy rating and boosted their target price for the company from $13.50 to $14.00 in a research report on Tuesday, September 25th. Finally, Zacks Investment Research upgraded shares of Barrick Gold from a sell rating to a hold rating in a research report on Wednesday, July 25th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have given a buy rating to the company. Barrick Gold presently has an average rating of Hold and a consensus price target of $14.69.

Shares of Barrick Gold stock opened at $12.68 on Monday. Barrick Gold has a twelve month low of $9.53 and a twelve month high of $15.52. The company has a quick ratio of 1.42, a current ratio of 2.65 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $15.00 billion, a price-to-earnings ratio of 16.91, a price-to-earnings-growth ratio of 16.06 and a beta of -0.37.

Barrick Gold (NYSE:ABX) (TSE:ABX) last issued its quarterly earnings data on Wednesday, October 24th. The basic materials company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.02. Barrick Gold had a negative net margin of 8.75% and a positive return on equity of 5.38%. The business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the previous year, the company earned $0.16 EPS. The business’s revenue was down 5.0% on a year-over-year basis. As a group, equities research analysts expect that Barrick Gold will post 0.4 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Friday, November 30th will be issued 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 of this dividend is Thursday, November 29th. Barrick Gold’s dividend payout ratio (DPR) is presently 16.00%.

Several institutional investors have recently made changes to their positions in the stock. F&V Capital Management LLC bought a new stake in Barrick Gold during the 3rd quarter worth approximately $111,000. GWM Advisors LLC bought a new stake in Barrick Gold during the 3rd quarter worth approximately $121,000. First City Capital Management Inc. bought a new stake in Barrick Gold during the 2nd quarter worth approximately $161,000. HRT Financial LLC bought a new stake in Barrick Gold during the 2nd quarter worth approximately $172,000. Finally, Lourd Capital LLC bought a new stake in Barrick Gold during the 3rd quarter worth approximately $151,000. 52.19% of the stock is currently owned by institutional investors.

Barrick Gold Company Profile

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 Zaldívar, a copper mine located in Chile; and 50% interest in the Jabal Sayid, a copper mine located in Saudi Arabia.

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Analyst Recommendations for Barrick Gold (NYSE:ABX)

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