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

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) announced a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Stockholders 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 dividend yield of 2.19%. The ex-dividend date of this dividend is Friday, November 29th.

Barrick Gold Price Performance

Shares of ABX opened at C$24.65 on Thursday. The company has a current ratio of 3.01, a quick ratio of 2.62 and a debt-to-equity ratio of 14.54. The company’s fifty day simple moving average is C$26.64 and its 200 day simple moving average is C$25.18. Barrick Gold has a 1-year low of C$18.65 and a 1-year high of C$29.50. The company has a market cap of C$43.14 billion, a price-to-earnings ratio of 20.71, a PEG ratio of 2.34 and a beta of 0.48.

Insider Activity

In related news, Senior Officer Poupak Bahamin bought 5,778 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was purchased at an average cost of C$25.03 per share, for a total transaction of C$144,645.87. Also, Senior Officer Joel James Holliday sold 20,000 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of C$27.36, for a total value of C$547,298.10. 0.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

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.