Stifel Nicolaus Raises Barrick Gold (TSE:ABX) Price Target to C$33.50

Barrick Gold (TSE:ABX) (NYSE:ABX) had its price target boosted by Stifel Nicolaus from C$28.50 to C$33.50 in a research report report published on Monday morning, BayStreet.CA reports.

A number of other equities analysts have also recently issued reports on the company. Argus upgraded Barrick Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 29th. Eight Capital lifted their target price on Barrick Gold from C$36.00 to C$38.00 in a research report on Thursday, July 11th. TD Securities restated a “buy” rating and issued a C$34.00 target price on shares of Barrick Gold in a research note on Wednesday, October 16th. Finally, Canaccord Genuity Group raised their price target on shares of Barrick Gold from C$31.00 to C$33.00 in a research note on Tuesday, July 23rd. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$30.77.

Barrick Gold Stock Down 2.2 %

TSE:ABX opened at C$28.15 on Monday. The stock has a market cap of C$49.26 billion, a price-to-earnings ratio of 23.66, a PEG ratio of 2.34 and a beta of 0.48. The company has a current ratio of 3.01, a quick ratio of 2.62 and a debt-to-equity ratio of 14.54. The stock has a 50-day moving average price of C$27.19 and a two-hundred day moving average price of C$24.87. Barrick Gold has a 1 year low of C$18.65 and a 1 year high of C$29.50.

Barrick Gold (TSE:ABX) (NYSE:ABX) last announced its earnings results on Monday, August 12th. The basic materials company reported C$0.44 EPS for the quarter, topping the consensus estimate of C$0.36 by C$0.08. The firm had revenue of C$4.33 billion for the quarter, compared to the consensus estimate of C$4.12 billion. Barrick Gold had a net margin of 12.78% and a return on equity of 7.20%. As a group, equities analysts expect that Barrick Gold will post 2.2422764 earnings per share for the current year.

Barrick Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were paid a dividend of $0.138 per share. The ex-dividend date was Friday, August 30th. This is a positive change from Barrick Gold’s previous quarterly dividend of $0.14. This represents a $0.55 annualized dividend and a dividend yield of 1.96%. Barrick Gold’s payout ratio is currently 45.38%.

Insider Activity at Barrick Gold

In other news, Senior Officer Riaan Grobler sold 94,000 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of C$18.99, for a total transaction of C$1,784,693.40. In other news, Senior Officer Riaan Grobler sold 94,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of C$18.99, for a total transaction of C$1,784,693.40. Also, Director Andrew James Quinn acquired 5,000 shares of the stock in a transaction on Wednesday, August 14th. The shares were purchased at an average price of C$26.00 per share, with a total value of C$129,999.00. In the last ninety days, insiders sold 235,334 shares of company stock worth $5,741,477. Insiders own 0.60% of the company’s stock.

About Barrick Gold

Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties in Canada and internationally. The company also explores and sells silver and energy materials. It has ownership interests in producing gold mines located in Argentina, Canada, Côte d’Ivoire, the Democratic Republic of Congo, the Dominican Republic, Mali, Tanzania, and the United States.