Brokerages Set Barrick Gold Corp (ABX) Price Target at $19.17
Barrick Gold Corp (TSE:ABX) (NYSE:ABX) has received an average recommendation of “Hold” from the nine ratings firms that are currently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold rating. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$18.79.
Several brokerages recently issued reports on ABX. Canaccord Genuity decreased their price objective on Barrick Gold from C$19.00 to C$17.00 in a research report on Tuesday, July 24th. Royal Bank of Canada reiterated a “sector perform” rating on shares of Barrick Gold in a research report on Wednesday, September 26th. Cormark decreased their price objective on Barrick Gold from C$17.00 to C$16.50 in a research report on Sunday. Finally, JPMorgan Chase & Co. boosted their price objective on Barrick Gold from C$17.00 to C$18.00 in a research report on Friday, October 5th.
Shares of ABX traded up C$0.06 on Friday, hitting C$16.54. The company’s stock had a trading volume of 4,367,721 shares, compared to its average volume of 2,736,219. Barrick Gold has a fifty-two week low of C$12.54 and a fifty-two week high of C$20.51.
The company also recently announced a quarterly dividend, which was paid on Monday, September 17th. Shareholders of record on Friday, August 31st were paid a $0.039 dividend. This represents a $0.16 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend was Thursday, August 30th.
In other news, Director Pablo Marcet bought 3,500 shares of the business’s stock in a transaction on Wednesday, September 26th. The shares were purchased at an average price of C$11.06 per share, for a total transaction of C$38,710.00. Also, Director John Lawson Thornton bought 165,689 shares of the business’s stock in a transaction on Monday, October 1st. The stock was purchased at an average price of C$11.11 per share, for a total transaction of C$1,840,804.79. Insiders acquired a total of 2,274,529 shares of company stock worth $25,248,789 in the last 90 days.
Barrick Gold Company Profile
Barrick Gold Corporation engages in the exploration and development of mineral properties. It primarily explores for gold and copper deposits. The company holds a 50% interest in the Veladero mine located in the San Juan Province of Argentina; 50% interest in the KCGM, a gold mine located in Australia; 95% interest in Porgera, a gold mine located in Papua New Guinea; 50% interest in the Zaldívar, a copper mine located in Chile; and 50% interest in the Jabal Sayid, a copper mine located in Saudi Arabia.
See Also: Average Daily Trade Volume – ADTV
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