Barrick Gold Corp (NYSE:GOLD) Declares $0.04 Quarterly Dividend

Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) announced a quarterly dividend on Wednesday, November 6th, Zacks reports. Investors of record on Friday, November 29th will be given a dividend of 0.038 per share by the basic materials company on Monday, December 16th. This represents a $0.15 annualized dividend and a yield of 0.93%. The ex-dividend date is Wednesday, November 27th.

GOLD stock traded up $0.07 during trading on Friday, hitting $16.43. The stock had a trading volume of 334,513 shares, compared to its average volume of 12,012,386. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.72 and a quick ratio of 1.63. Barrick Gold has a twelve month low of $11.52 and a twelve month high of $20.07. The stock has a market capitalization of $28.91 billion, a P/E ratio of 46.46, a PEG ratio of 15.87 and a beta of -0.36. The company’s 50-day moving average price is $17.37 and its two-hundred day moving average price is $15.99.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last posted its quarterly earnings data on Monday, August 12th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.01). Barrick Gold had a positive return on equity of 3.49% and a negative net margin of 16.51%. The firm had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.09 billion. As a group, sell-side analysts expect that Barrick Gold will post 0.52 EPS for the current fiscal year.

GOLD has been the topic of several research analyst reports. HC Wainwright lifted their price objective on Barrick Gold from $5.00 to $5.75 and gave the stock a “buy” rating in a report on Monday, August 19th. Bank of America boosted their target price on Barrick Gold from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Tuesday, September 24th. ValuEngine cut Barrick Gold from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Barclays cut Barrick Gold from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $15.00 to $18.00 in a report on Tuesday, July 16th. Finally, National Bank Financial restated an “outperform overweight” rating on shares of Barrick Gold in a report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. Barrick Gold has a consensus rating of “Hold” and an average target price of $16.59.

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.

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Dividend History for Barrick Gold (NYSE:GOLD)

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