Barrick Gold Corp (NYSE:ABX) (TSE:ABX) has received a consensus rating of “Hold” from the twenty-one ratings firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, fifteen have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $16.91.
A number of analysts have recently issued reports on ABX shares. BMO Capital Markets set a $16.00 price target on shares of Barrick Gold and gave the company a “hold” rating in a report on Tuesday, December 19th. Raymond James Financial dropped their price target on shares of Barrick Gold from $19.00 to $17.00 and set a “market perform” rating on the stock in a report on Monday, February 26th. Desjardins reaffirmed a “hold” rating on shares of Barrick Gold in a report on Monday, December 11th. Deutsche Bank dropped their price target on shares of Barrick Gold from $17.50 to $15.00 and set a “buy” rating on the stock in a report on Thursday, March 15th. Finally, Argus downgraded shares of Barrick Gold from a “buy” rating to a “hold” rating in a report on Friday, March 2nd.
Several large investors have recently modified their holdings of ABX. Raymond James Financial Services Advisors Inc. raised its stake in 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 worth $826,000 after acquiring an additional 9,264 shares during the period. Quantbot Technologies LP bought a new stake in Barrick Gold during the 3rd quarter worth approximately $406,000. Ameriprise Financial Inc. raised its stake in Barrick Gold by 25.5% during 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 period. Great West Life Assurance Co. Can raised its stake in Barrick Gold by 17.4% during 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 period. Finally, Legal & General Group Plc raised its stake in Barrick Gold by 1.2% during 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 period. Hedge funds and other institutional investors own 52.89% of the company’s stock.
Barrick Gold (NYSE:ABX) (TSE:ABX) last announced its quarterly earnings results on Wednesday, February 14th. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. The firm had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.21 billion. Barrick Gold had a net margin of 17.17% and a return on equity of 7.59%. The business’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.22 EPS. sell-side analysts forecast that Barrick Gold will post 0.85 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.96%. The ex-dividend date was Tuesday, February 27th. Barrick Gold’s dividend payout ratio (DPR) is presently 9.76%.
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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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