Vetr cut shares of Barrick Gold Corp (NYSE:ABX) (TSE:ABX) from a buy rating to a hold rating in a research note issued to investors on Wednesday. Vetr currently has $19.30 price objective on the stock.

A number of other research firms have also weighed in on ABX. TD Securities lowered Barrick Gold Corp from a buy rating to a hold rating and reduced their price objective for the company from $25.00 to $18.00 in a research note on Wednesday, December 21st. Zacks Investment Research lowered Barrick Gold Corp from a hold rating to a sell rating in a research note on Monday, February 13th. Royal Bank of Canada reiterated a hold rating and set a $19.00 price objective on shares of Barrick Gold Corp in a research note on Tuesday, January 3rd. TheStreet upgraded Barrick Gold Corp from a c rating to a b- rating in a research note on Thursday, February 23rd. Finally, Credit Suisse Group AG restated a buy rating and set a $23.00 target price on shares of Barrick Gold Corp in a research report on Wednesday, February 15th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $21.92.

Barrick Gold Corp (NYSE:ABX) opened at 18.85 on Wednesday. The stock has a 50 day moving average of $18.87 and a 200 day moving average of $17.11. Barrick Gold Corp has a 52-week low of $13.04 and a 52-week high of $23.47. The stock has a market capitalization of $21.97 billion, a P/E ratio of 33.66 and a beta of -0.24.

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The business also recently announced a quarterly dividend, which was paid on Wednesday, March 15th. Stockholders of record on Tuesday, February 28th were issued a dividend of $0.03 per share. This is a boost from Barrick Gold Corp’s previous quarterly dividend of $0.02. This represents a $0.12 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend was Friday, February 24th. Barrick Gold Corp’s payout ratio is currently -3.90%.

Hedge funds and other institutional investors have recently modified their holdings of the company. ING Groep NV bought a new position in shares of Barrick Gold Corp during the fourth quarter valued at $923,000. Gemmer Asset Management LLC boosted its position in shares of Barrick Gold Corp by 3,974.0% in the third quarter. Gemmer Asset Management LLC now owns 8,148 shares of the company’s stock valued at $144,000 after buying an additional 7,948 shares in the last quarter. Highland Capital Management LLC boosted its position in shares of Barrick Gold Corp by 0.4% in the third quarter. Highland Capital Management LLC now owns 52,558 shares of the company’s stock valued at $931,000 after buying an additional 200 shares in the last quarter. AT Bancorp bought a new position in shares of Barrick Gold Corp during the third quarter valued at $2,671,000. Finally, Capstone Asset Management Co. boosted its position in shares of Barrick Gold Corp by 2.9% in the third quarter. Capstone Asset Management Co. now owns 70,595 shares of the company’s stock valued at $1,251,000 after buying an additional 1,980 shares in the last quarter. Institutional investors and hedge funds own 58.61% of the company’s stock.

Barrick Gold Corp Company Profile

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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To view Vetr’s full report, visit Vetr’s official website.

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