Barrick Gold Co. (TSE:ABX) Declares Quarterly Dividend of $0.14

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Investors of record on Friday, November 29th will be given a dividend of 0.135 per share by the basic materials company on Monday, December 16th. This represents a $0.54 annualized dividend and a yield of 2.19%. The ex-dividend date is Friday, November 29th.

Barrick Gold Stock Performance

Shares of TSE:ABX opened at C$24.65 on Thursday. The stock has a market capitalization of C$43.14 billion, a P/E ratio of 20.71, a P/E/G ratio of 2.34 and a beta of 0.48. The company has a current ratio of 3.01, a quick ratio of 2.62 and a debt-to-equity ratio of 14.54. Barrick Gold has a 1-year low of C$18.65 and a 1-year high of C$29.50. The business has a 50-day moving average price of C$26.64 and a two-hundred day moving average price of C$25.18.

Analyst Ratings Changes

A number of equities research analysts recently commented on ABX shares. Stifel Nicolaus lifted their price objective on Barrick Gold from C$28.50 to C$33.50 in a research note on Monday, October 21st. UBS Group lowered Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Sanford C. Bernstein cut their price target on shares of Barrick Gold from C$37.00 to C$36.00 in a research report on Tuesday, November 5th. Cibc World Mkts cut shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Monday. Finally, Argus upgraded shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Barrick Gold currently has an average rating of “Moderate Buy” and an average target price of C$31.14.

Insider Buying and Selling

In other news, Senior Officer Poupak Bahamin acquired 5,778 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was acquired at an average cost of C$25.03 per share, for a total transaction of C$144,645.87. Also, Director Dennis Mark Bristow bought 85,296 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was purchased at an average price of C$25.03 per share, for a total transaction of C$2,135,291.53. 0.60% of the stock is currently owned by company insiders.

About Barrick Gold

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.