Barrick Gold (TSE:ABX) Shares Pass Above 200-Day Moving Average of $22.40

Shares of Barrick Gold Co. (TSE:ABXGet Free Report) (NYSE:ABX) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$22.40 and traded as high as C$23.74. Barrick Gold shares last traded at C$23.68, with a volume of 3,193,988 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts have commented on ABX shares. National Bankshares decreased their price target on shares of Barrick Gold from C$30.00 to C$28.00 and set a “sector perform” rating for the company in a research note on Friday, April 19th. National Bank Financial reiterated a “sector perform overweight” rating on shares of Barrick Gold in a research note on Monday, April 8th. Canaccord Genuity Group upped their target price on shares of Barrick Gold from C$27.00 to C$30.00 in a research note on Tuesday, April 23rd. Stifel Nicolaus upped their target price on shares of Barrick Gold from C$25.00 to C$27.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Finally, Veritas Investment Research upped their target price on shares of Barrick Gold from C$20.70 to C$25.00 in a research note on Friday, April 12th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$29.73.

Check Out Our Latest Research Report on ABX

Barrick Gold Stock Down 6.1 %

The company has a market capitalization of C$39.12 billion, a PE ratio of 19.67, a P/E/G ratio of 1.94 and a beta of 0.46. The company has a current ratio of 3.32, a quick ratio of 2.62 and a debt-to-equity ratio of 14.67. The stock’s fifty day moving average is C$23.41 and its two-hundred day moving average is C$22.40.

Barrick Gold (TSE:ABXGet Free Report) (NYSE:ABX) last released its quarterly earnings data on Wednesday, May 1st. The basic materials company reported C$0.26 EPS for the quarter, beating the consensus estimate of C$0.22 by C$0.04. The business had revenue of C$3.70 billion for the quarter, compared to the consensus estimate of C$3.98 billion. Barrick Gold had a net margin of 12.58% and a return on equity of 6.83%. As a group, analysts predict that Barrick Gold Co. will post 1.4494519 EPS for the current year.

Barrick Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be given a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 2.43%. This is a boost from Barrick Gold’s previous quarterly dividend of $0.10. The ex-dividend date is Friday, May 31st. Barrick Gold’s dividend payout ratio is 48.67%.

About Barrick Gold

(Get Free Report)

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.

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