Barrick Gold Co. (ABX) To Go Ex-Dividend on August 30th

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) declared a quarterly dividend on Monday, August 12th, Zacks reports. Shareholders of record on Friday, August 30th will be given a dividend of 0.138 per share by the basic materials company on Monday, September 16th. This represents a $0.55 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date is Friday, August 30th. This is a positive change from Barrick Gold’s previous quarterly dividend of $0.14.

Barrick Gold Stock Down 0.7 %

Shares of TSE:ABX traded down C$0.18 during trading on Wednesday, hitting C$26.06. 1,765,543 shares of the company’s stock traded hands, compared to its average volume of 3,521,482. The company has a 50-day moving average price of C$23.95 and a 200-day moving average price of C$22.73. Barrick Gold has a 52 week low of C$18.65 and a 52 week high of C$26.58. The company has a current ratio of 3.32, a quick ratio of 2.62 and a debt-to-equity ratio of 14.67. The company has a market cap of C$45.87 billion, a price-to-earnings ratio of 23.22, a price-to-earnings-growth ratio of 1.94 and a beta of 0.46.

Insider Buying and Selling at Barrick Gold

In other Barrick Gold news, Director Andrew James Quinn sold 36,000 shares of Barrick Gold stock in a transaction on Thursday, June 20th. The shares were sold at an average price of C$23.00, for a total transaction of C$828,000.00. Corporate insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ABX. Sanford C. Bernstein raised their price objective on shares of Barrick Gold from C$31.00 to C$32.00 and gave the stock an “outperform” rating in a report on Thursday, April 18th. National Bankshares cut their price target on Barrick Gold from C$30.00 to C$28.00 and set a “sector perform” rating on the stock in a report on Friday, April 19th. Canaccord Genuity Group increased their price objective on Barrick Gold from C$31.00 to C$33.00 in a report on Tuesday, July 23rd. TD Securities restated a “buy” rating and issued a C$34.00 target price on shares of Barrick Gold in a research note on Wednesday, May 1st. Finally, Stifel Nicolaus increased their price objective on shares of Barrick Gold from C$25.00 to C$27.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$30.18.

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.