Brokerages Set Barrick Gold (ABX) PT at $21.00


Shares of Barrick Gold (TSE:ABX) (NYSE:ABX) have been given an average rating of “Hold” by the eight analysts that are covering the company, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$21.00.

A number of analysts have issued reports on the company. Canaccord Genuity downgraded Barrick Gold from a “buy” rating to a “hold” rating and decreased their target price for the stock from C$22.50 to C$19.00 in a research report on Monday, April 23rd. Desjardins decreased their target price on Barrick Gold from C$19.50 to C$19.00 in a research report on Wednesday, February 21st. Finally, BMO Capital Markets set a C$15.00 target price on Barrick Gold and gave the stock a “market perform” rating in a research report on Thursday, February 15th.


Get Barrick Gold alerts:

In related news, Director Pablo Marcet purchased 4,000 shares of Barrick Gold stock in a transaction dated Friday, February 23rd. The stock was bought at an average cost of C$15.68 per share, for a total transaction of C$62,720.00. Also, insider Robert Ljubomir Krcmarov purchased 2,000 shares of Barrick Gold stock in a transaction dated Wednesday, March 14th. The stock was bought at an average price of C$15.71 per share, with a total value of C$31,420.00. Over the last quarter, insiders bought 412,253 shares of company stock valued at $6,342,284.


Barrick Gold traded up C$0.04, reaching C$16.95, during mid-day trading on Tuesday, Marketbeat Ratings reports. 1,642,322 shares of the company’s stock were exchanged, compared to its average volume of 2,716,285. Barrick Gold has a one year low of C$14.26 and a one year high of C$23.02.

Barrick Gold (TSE:ABX) (NYSE:ABX) last issued its quarterly earnings results on Monday, April 23rd. The company reported C$0.18 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.19 by C($0.01). The business had revenue of C$2.26 billion for the quarter, compared to the consensus estimate of C$2.25 billion. Barrick Gold had a negative return on equity of 27.89% and a negative net margin of 36.36%.


The business also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Thursday, May 31st will be given a $0.039 dividend. The ex-dividend date is Wednesday, May 30th. This is a boost from Barrick Gold’s previous quarterly dividend of $0.04. This represents a $0.16 annualized dividend and a dividend yield of 0.92%.

About Barrick Gold

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 Zald铆var, a copper mine located in Chile; and 50% interest in the Jabal Sayid, a copper mine located in Saudi Arabia.

Analyst Recommendations for Barrick Gold (TSE:ABX)

Leave a Reply

Your email address will not be published.