Canaccord Genuity Raises Barrick Gold (ABX) Price Target to C$17.50

Barrick Gold (TSE:ABX) (NYSE:ABX) had its target price boosted by Canaccord Genuity from C$17.00 to C$17.50 in a research note issued to investors on Thursday morning.

A number of other analysts have also recently weighed in on the stock. Cormark decreased their price target on shares of Barrick Gold from C$17.00 to C$16.50 in a research note on Sunday, October 14th. JPMorgan Chase & Co. increased their price target on shares of Barrick Gold from C$17.00 to C$18.00 in a research note on Friday, October 5th. Finally, Royal Bank of Canada reiterated a sector perform rating on shares of Barrick Gold in a research note on Wednesday, September 26th. Five research analysts have rated the stock with a hold rating, The stock presently has a consensus rating of Hold and an average price target of C$17.20.

Shares of TSE:ABX opened at C$17.09 on Thursday. The company has a quick ratio of 1.06, a current ratio of 2.12 and a debt-to-equity ratio of 57.55. Barrick Gold has a 1-year low of C$12.54 and a 1-year high of C$19.49.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Friday, November 30th will be paid a dividend of $0.039 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend is Thursday, November 29th. Barrick Gold’s dividend payout ratio is currently -52.17%.

In other news, Director Pablo Marcet bought 3,500 shares of Barrick Gold stock in a transaction dated Wednesday, September 26th. The stock was bought at an average price of C$11.06 per share, for a total transaction of C$38,710.00. Also, Director John Lawson Thornton bought 165,689 shares of Barrick Gold stock in a transaction dated Monday, October 1st. The stock was purchased at an average price of C$11.11 per share, with a total value of C$1,840,804.79. Insiders bought a total of 2,274,529 shares of company stock valued at $25,248,789 in the last 90 days.

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.

Featured Article: Buyback For Investors Defined

Analyst Recommendations for Barrick Gold (TSE:ABX)

Receive News & Ratings for Barrick Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barrick Gold and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply