Barrick Gold (ABX) Shares Up 0.1%

Barrick Gold Corp (NYSE:ABX) (TSE:ABX)’s share price rose 0.1% on Tuesday . The company traded as high as $15.24 and last traded at $14.47. Approximately 5,620,500 shares were traded during trading, a decline of 53% from the average daily volume of 12,083,013 shares. The stock had previously closed at $14.45.

ABX has been the subject of a number of analyst reports. TheStreet downgraded shares of Barrick Gold from a “b-” rating to a “c” rating in a research note on Thursday, October 26th. Berenberg Bank reaffirmed a “hold” rating on shares of Barrick Gold in a research note on Tuesday, October 24th. Royal Bank of Canada reissued an “outperform” rating on shares of Barrick Gold in a research report on Thursday, September 7th. TD Securities reduced their price target on shares of Barrick Gold from $20.00 to $17.00 and set a “hold” rating for the company in a research report on Monday, November 6th. Finally, Credit Suisse Group reissued a “buy” rating and set a $22.00 price target on shares of Barrick Gold in a research report on Sunday, September 24th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. Barrick Gold presently has a consensus rating of “Hold” and a consensus target price of $18.55.

The company has a quick ratio of 1.56, a current ratio of 2.73 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $17,710.00, a PE ratio of 8.13, a P/E/G ratio of 9.59 and a beta of -0.42.

Barrick Gold (NYSE:ABX) (TSE:ABX) last posted its earnings results on Wednesday, October 25th. The basic materials company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). Barrick Gold had a return on equity of 7.73% and a net margin of 25.72%. The company had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $2.02 billion. During the same period last year, the firm posted $0.24 EPS. The company’s revenue for the quarter was down 15.8% on a year-over-year basis. research analysts predict that Barrick Gold Corp will post 0.75 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Thursday, November 30th were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date was Wednesday, November 29th. Barrick Gold’s dividend payout ratio (DPR) is presently 6.42%.

Large investors have recently bought and sold shares of the business. Advisors Asset Management Inc. grew its position in Barrick Gold by 116.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 6,588 shares of the basic materials company’s stock worth $105,000 after purchasing an additional 3,543 shares during the period. FNY Partners Fund LP bought a new stake in Barrick Gold in the 2nd quarter worth approximately $159,000. Neuberger Berman Group LLC bought a new stake in Barrick Gold in the 2nd quarter worth approximately $161,000. ETRADE Capital Management LLC bought a new stake in Barrick Gold in the 2nd quarter worth approximately $180,000. Finally, Boothbay Fund Management LLC bought a new stake in Barrick Gold in the 3rd quarter worth approximately $187,000. 55.65% of the stock is owned by institutional investors and hedge funds.

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About Barrick Gold

Barrick Gold Corporation (Barrick) is a gold mining company. The Company is principally engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. The Company’s segments include Goldstrike, Cortez, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Acacia Mining plc (Acacia), Pascua-Lama and Other Mines.

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