Barrick Gold Co. Declares Quarterly Dividend of $0.14 (TSE:ABX)

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) announced a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Shareholders of record on Friday, November 29th will be given a dividend of 0.135 per share by the basic materials company on Monday, December 16th. This represents a $0.54 annualized dividend and a yield of 2.19%. The ex-dividend date is Friday, November 29th.

Barrick Gold Price Performance

ABX stock opened at C$24.69 on Wednesday. The business has a fifty day moving average of C$26.69 and a two-hundred day moving average of C$25.17. The company has a quick ratio of 2.62, a current ratio of 3.01 and a debt-to-equity ratio of 14.54. The stock has a market cap of C$43.21 billion, a price-to-earnings ratio of 20.75, a price-to-earnings-growth ratio of 2.34 and a beta of 0.48. Barrick Gold has a 52-week low of C$18.65 and a 52-week high of C$29.50.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Stifel Nicolaus raised their price target on Barrick Gold from C$28.50 to C$33.50 in a research report on Monday, October 21st. Cibc World Mkts lowered Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday. UBS Group lowered Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Argus upgraded Barrick Gold from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 29th. Finally, TD Securities restated a “buy” rating and set a C$34.00 price target on shares of Barrick Gold in a research report on Wednesday, October 16th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$31.14.

Insider Buying and Selling at Barrick Gold

In other news, Senior Officer Poupak Bahamin bought 5,778 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were acquired at an average price of C$25.03 per share, for a total transaction of C$144,645.87. Also, Senior Officer Joel James Holliday sold 20,000 shares of Barrick Gold stock in a transaction dated Friday, September 20th. The stock was sold at an average price of C$27.36, for a total value of C$547,298.10. 0.60% of the stock is owned by insiders.

Barrick Gold Company Profile

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.