Barrick Gold (ABX) Hits New 52-Week High at $17.98

Barrick Gold Corp (TSE:ABX) (NYSE:ABX) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$17.98 and last traded at C$17.92, with a volume of 1686633 shares trading hands. The stock had previously closed at C$17.35.

A number of research firms have issued reports on ABX. Canaccord Genuity raised their target price on Barrick Gold from C$17.00 to C$17.50 in a research note on Thursday, November 8th. Cormark cut their target price on Barrick Gold from C$17.00 to C$16.50 in a research note on Sunday, October 14th. JPMorgan Chase & Co. raised their target price on 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.

The company has a debt-to-equity ratio of 53.76, a quick ratio of 1.22 and a current ratio of 2.65.

The business also recently disclosed 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 dividend yield of 0.86%. The ex-dividend date is Thursday, November 29th. Barrick Gold’s dividend payout ratio is currently -28.07%.

In related news, Director Pablo Marcet acquired 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 26th. The shares were acquired at an average cost of C$11.06 per share, for a total transaction of C$38,710.00. Also, Director John Lawson Thornton acquired 2,105,340 shares of the business’s stock in a transaction that occurred on Friday, September 28th. The shares were bought at an average price of C$11.10 per share, for a total transaction of C$23,369,274.00. Over the last 90 days, insiders have purchased 2,274,529 shares of company stock worth $25,248,789.

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About Barrick Gold (TSE:ABX)

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.

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