Barrick Gold Co. (TSE:ABX) Raises Dividend to $0.14 Per Share

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) announced a quarterly dividend on Monday, August 12th, Zacks reports. Stockholders of record on Friday, August 30th will be paid a dividend of 0.138 per share by the basic materials company on Monday, September 16th. This represents a $0.55 annualized dividend and a dividend yield of 2.11%. The ex-dividend date is Friday, August 30th. This is a boost from Barrick Gold’s previous quarterly dividend of $0.14.

Barrick Gold Stock Down 0.5 %

Shares of ABX traded down C$0.14 during midday trading on Wednesday, hitting C$26.10. 1,556,158 shares of the company’s stock traded hands, compared to its average volume of 3,520,148. Barrick Gold has a 1 year low of C$18.65 and a 1 year high of C$26.58. The firm’s fifty day moving average is C$23.95 and its 200-day moving average is C$22.73. 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 has a market capitalization of C$45.94 billion, a price-to-earnings ratio of 23.22, a price-to-earnings-growth ratio of 1.94 and a beta of 0.46.

Analyst Upgrades and Downgrades

ABX has been the subject of several analyst reports. Canaccord Genuity Group increased their price objective on Barrick Gold from C$31.00 to C$33.00 in a report on Tuesday, July 23rd. 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, May 1st. Stifel Nicolaus raised their target price on 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. National Bankshares reduced their target price on 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. Finally, Eight Capital raised their target price on Barrick Gold from C$36.00 to C$38.00 in a research note on Thursday, July 11th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$30.18.

Insider Buying and Selling at Barrick Gold

In other Barrick Gold news, Director Andrew James Quinn sold 36,000 shares of Barrick Gold stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of C$23.00, for a total transaction of C$828,000.00. Company insiders own 0.61% of the company’s stock.

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.