Barrick Gold (TSE:ABX) Price Target Lowered to C$24.00 at National Bankshares

Barrick Gold (TSE:ABX) (NYSE:ABX) had its target price lowered by National Bankshares from C$26.00 to C$24.00 in a research report report published on Thursday,BayStreet.CA reports. The firm currently has a sector perform rating on the basic materials company’s stock.

ABX has been the subject of a number of other reports. Royal Bank of Canada increased their price target on Barrick Gold to C$21.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Sanford C. Bernstein decreased their target price on Barrick Gold from C$37.00 to C$36.00 in a research note on Tuesday, November 5th. Stifel Nicolaus dropped their price target on shares of Barrick Gold from C$33.50 to C$32.00 in a research report on Monday, December 2nd. TD Securities reissued a “buy” rating and issued a C$34.00 price target on shares of Barrick Gold in a report on Wednesday, October 16th. Finally, TD Cowen reaffirmed a “buy” rating and issued a C$36.00 price objective on shares of Barrick Gold in a research note on Tuesday. Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$30.38.

Barrick Gold Stock Down 0.2 %

ABX stock opened at C$22.64 on Thursday. The firm’s 50-day moving average is C$23.59 and its two-hundred day moving average is C$25.19. The company has a current ratio of 3.01, a quick ratio of 2.62 and a debt-to-equity ratio of 14.54. The company has a market capitalization of C$39.62 billion, a price-to-earnings ratio of 19.03, a price-to-earnings-growth ratio of 2.34 and a beta of 0.48. Barrick Gold has a 52 week low of C$18.65 and a 52 week high of C$29.50.

Barrick Gold Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were issued a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend was Friday, November 29th. Barrick Gold’s dividend payout ratio is currently 45.38%.

Insider Buying and Selling

In other Barrick Gold news, Director Dennis Mark Bristow bought 85,296 shares of the stock in a transaction on Thursday, November 21st. The shares were purchased at an average cost of C$25.03 per share, with a total value of C$2,135,291.53. Also, Senior Officer Poupak Bahamin sold 2,500 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of C$24.49, for a total value of C$61,215.00. 0.60% of the stock is owned by corporate insiders.

About Barrick Gold

Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties in Canada and internationally. The company also explores and sells silver and energy materials. It has ownership interests in producing gold mines located in Argentina, Canada, Côte d’Ivoire, the Democratic Republic of Congo, the Dominican Republic, Mali, Tanzania, and the United States.