Barrick Gold (NYSE:GOLD) Stock Passes Above Two Hundred Day Moving Average of $17.34

Barrick Gold Corp (NYSE:GOLD) (TSE:ABX)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $17.34 and traded as high as $18.52. Barrick Gold shares last traded at $18.41, with a volume of 1,115,189 shares traded.

GOLD has been the topic of a number of recent analyst reports. Bank of America boosted their price target on shares of Barrick Gold from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 24th. ValuEngine lowered shares of Barrick Gold from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, National Bank Financial reiterated an “outperform overweight” rating on shares of Barrick Gold in a research note on Thursday, October 3rd. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $15.95.

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The stock has a market cap of $31.68 billion, a PE ratio of 50.46, a P/E/G ratio of 13.51 and a beta of -0.37. The business’s fifty day moving average is $17.53 and its 200 day moving average is $17.37. 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 released its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.05. The firm had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.62 billion. Barrick Gold had a net margin of 15.85% and a return on equity of 3.60%. As a group, analysts predict 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. Investors of record on Friday, November 29th were issued a dividend of $0.038 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date was Wednesday, November 27th. Barrick Gold’s dividend payout ratio is currently 57.14%.

Barrick Gold Company Profile (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.

Further Reading: The limitations of an equal weight rating

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