Barrick Gold (TSE:ABX) Given New C$32.00 Price Target at Sanford C. Bernstein

Barrick Gold (TSE:ABX) (NYSE:ABX) had its target price hoisted by Sanford C. Bernstein from C$31.00 to C$32.00 in a research report report published on Thursday, BayStreet.CA reports. Sanford C. Bernstein currently has an outperform rating on the basic materials company’s stock.

Several other research firms have also commented on ABX. TD Securities reaffirmed a buy rating and set a C$29.00 price objective on shares of Barrick Gold in a research note on Tuesday. Raymond James dropped their price objective on shares of Barrick Gold from C$28.00 to C$24.00 in a research note on Friday, February 16th. National Bank Financial reaffirmed a sector perform overweight rating on shares of Barrick Gold in a research note on Monday, April 8th. Berenberg Bank lifted their price objective on shares of Barrick Gold from C$29.00 to C$31.00 in a research note on Monday, April 8th. Finally, Veritas Investment Research lifted their price objective on shares of Barrick Gold from C$20.70 to C$25.00 in a research note on Friday, April 12th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Barrick Gold presently has a consensus rating of Moderate Buy and an average price target of C$28.40.

Barrick Gold Trading Up 1.6 %

ABX stock opened at C$23.38 on Thursday. The firm has a fifty day moving average price of C$21.51 and a 200 day moving average price of C$21.96. Barrick Gold has a fifty-two week low of C$18.65 and a fifty-two week high of C$28.19. The company has a debt-to-equity ratio of 16.32, a quick ratio of 2.62 and a current ratio of 3.16. The firm has a market cap of C$41.15 billion, a PE ratio of 23.62, a price-to-earnings-growth ratio of 1.94 and a beta of 0.46.

Barrick Gold (TSE:ABX) (NYSE:ABX) last posted its earnings results on Wednesday, February 14th. The basic materials company reported C$0.37 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.28 by C$0.09. The firm had revenue of C$4.16 billion during the quarter, compared to analyst estimates of C$4.28 billion. Barrick Gold had a net margin of 11.16% and a return on equity of 6.17%. Sell-side analysts anticipate that Barrick Gold will post 1.196793 earnings per share for the current fiscal year.

Barrick Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.40 annualized dividend and a dividend yield of 1.71%. Barrick Gold’s dividend payout ratio (DPR) is 54.55%.

Barrick Gold Company Profile

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.