Barrick Gold Corp (TSE:ABX) (NYSE:ABX) Director Pablo Marcet bought 2,500 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were acquired at an average cost of C$14.10 per share, for a total transaction of C$35,250.00.
Barrick Gold Corp (TSE:ABX) opened at C$18.88 on Friday. Barrick Gold Corp has a 1-year low of C$17.07 and a 1-year high of C$27.19. The company has a market capitalization of $22,020.00, a price-to-earnings ratio of 8.07 and a beta of -0.88.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Thursday, November 30th were issued a $0.037 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.78%. This is a positive change from Barrick Gold’s previous quarterly dividend of $0.03. The ex-dividend date was Wednesday, November 29th. Barrick Gold’s dividend payout ratio is currently 4.70%.
ABX has been the topic of a number of recent analyst reports. Canaccord Genuity decreased their target price on Barrick Gold from C$30.00 to C$27.50 in a report on Friday, September 29th. TD Securities decreased their target price on Barrick Gold to C$22.00 and set a “hold” rating on the stock in a report on Monday, November 6th. Desjardins reissued a “hold” rating on shares of Barrick Gold in a report on Monday, December 11th. BMO Capital Markets reissued a “market perform” rating and set a C$18.00 target price on shares of Barrick Gold in a report on Friday, October 13th. Finally, CSFB decreased their target price on Barrick Gold to C$24.00 and set a “neutral” rating on the stock in a report on Thursday, October 26th. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of C$22.83.
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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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