Barrick Gold Co. (ABX) Raises Dividend to $0.04 Per Share
Barrick Gold Co. (TSE:ABX) (NYSE:ABX) announced a quarterly dividend on Wednesday, October 25th, Zacks reports. Shareholders of record on Thursday, November 30th will be paid a dividend of 0.037 per share on Friday, December 15th. This represents a $0.15 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Wednesday, November 29th. This is an increase from Barrick Gold’s previous quarterly dividend of $0.03.
Barrick Gold (ABX) opened at C$18.34 on Friday. Barrick Gold has a one year low of C$17.61 and a one year high of C$27.19.
Several research analysts have recently issued reports on the stock. BMO Capital Markets reaffirmed a “market perform” rating and issued a C$18.00 target price on shares of Barrick Gold in a research note on Friday, October 13th. CSFB reduced their target price on shares of Barrick Gold to C$24.00 and set a “neutral” rating on the stock in a research note on Thursday, October 26th. Canaccord Genuity reduced their target price on shares of Barrick Gold from C$30.00 to C$27.50 in a research note on Friday, September 29th. Royal Bank Of Canada lowered shares of Barrick Gold from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from C$21.00 to C$18.00 in a research note on Wednesday, November 1st. Finally, TD Securities reduced their target price on shares of Barrick Gold to C$22.00 and set a “hold” rating on the stock in a research note on Monday, November 6th. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Barrick Gold presently has a consensus rating of “Hold” and an average price target of C$22.43.
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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