Barrick Gold Corp (TSE:ABX) (NYSE:ABX) – Research analysts at Jefferies Group lowered their FY2018 EPS estimates for Barrick Gold in a report released on Thursday. Jefferies Group analyst C. Lafemina now expects that the company will earn $1.18 per share for the year, down from their prior forecast of $1.34. Jefferies Group also issued estimates for Barrick Gold’s FY2019 earnings at $1.14 EPS.
ABX has been the topic of a number of other research reports. Eight Capital reissued a “neutral” rating on shares of Barrick Gold in a research note on Thursday, November 16th. Desjardins reissued a “hold” rating on shares of Barrick Gold in a research note on Monday, December 11th. BMO Capital Markets set a C$15.00 price objective on Barrick Gold and gave the stock a “market perform” rating in a research note on Thursday, February 8th. Royal Bank of Canada downgraded Barrick Gold from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from C$21.00 to C$18.00 in a research note on Wednesday, November 1st. Finally, Canaccord Genuity boosted their price objective on Barrick Gold from C$24.50 to C$27.00 in a research note on Friday, January 19th. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of C$22.67.
Barrick Gold (TSE:ABX) traded down C$0.06 on Monday, hitting C$16.16. The stock had a trading volume of 931,858 shares, compared to its average volume of 3,093,316. Barrick Gold has a 12 month low of C$15.90 and a 12 month high of C$27.03. The company has a market cap of $18,930.00, a P/E ratio of 13.75 and a beta of -0.82.
In related news, 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. Also, Director Graham G. Clow bought 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 19th. The stock was bought at an average price of C$14.44 per share, for a total transaction of C$72,200.00.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be paid a $0.037 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date is Tuesday, February 27th. Barrick Gold’s dividend payout ratio is presently 9.32%.
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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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