Barrick Gold Corp (NYSE:ABX) (TSE:ABX) announced a quarterly dividend on Wednesday, February 14th, RTT News reports. Investors of record on Wednesday, February 28th will be given a dividend of 0.03 per share by the basic materials company on Thursday, March 15th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date is Tuesday, February 27th.
Barrick Gold has decreased its dividend by an average of 15.7% annually over the last three years. Barrick Gold has a dividend payout ratio of 16.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Barrick Gold to earn $0.78 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 15.4%.
Shares of Barrick Gold (ABX) opened at $12.18 on Monday. The company has a quick ratio of 1.60, a current ratio of 2.68 and a debt-to-equity ratio of 0.58. The company has a market cap of $14,214.06, a P/E ratio of 16.46, a P/E/G ratio of 6.86 and a beta of -0.35. Barrick Gold has a 1-year low of $12.11 and a 1-year high of $20.36.
A number of research analysts recently weighed in on ABX shares. BMO Capital Markets set a $16.00 price objective on shares of Barrick Gold and gave the company a “hold” rating in a research note on Tuesday, December 19th. Desjardins reiterated a “hold” rating on shares of Barrick Gold in a research note on Monday, December 11th. Jefferies Group set a $17.00 price objective on shares of Barrick Gold and gave the company a “buy” rating in a research note on Thursday, February 15th. UBS Group reduced their price objective on shares of Barrick Gold from $18.00 to $17.00 and set a “neutral” rating for the company in a research note on Friday, November 3rd. Finally, CIBC lowered shares of Barrick Gold from an “outperform” rating to a “neutral” rating in a research note on Friday. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and three have issued a buy rating to the company’s stock. Barrick Gold has an average rating of “Hold” and a consensus target price of $18.21.
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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