Barrick Gold Corp (NYSE:GOLD) Plans Quarterly Dividend of $0.10

Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) announced a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Stockholders of record on Friday, November 29th will be paid a dividend of 0.10 per share by the gold and copper producer on Monday, December 16th. This represents a $0.40 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend is Friday, November 29th.

Barrick Gold has raised its dividend payment by an average of 8.9% annually over the last three years. Barrick Gold has a payout ratio of 21.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Barrick Gold to earn $1.84 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 21.7%.

Barrick Gold Trading Up 0.1 %

Shares of GOLD stock opened at $17.58 on Thursday. The company has a market capitalization of $30.73 billion, a price-to-earnings ratio of 18.90, a PEG ratio of 0.42 and a beta of 0.56. The company has a current ratio of 2.65, a quick ratio of 2.06 and a debt-to-equity ratio of 0.14. The firm has a 50-day moving average price of $19.31 and a 200 day moving average price of $18.53. Barrick Gold has a twelve month low of $13.76 and a twelve month high of $21.35.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on GOLD shares. CIBC lowered shares of Barrick Gold from a “sector outperform” rating to a “neutral” rating in a research report on Monday. Argus upgraded Barrick Gold from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Thursday, August 29th. TD Securities reduced their target price on Barrick Gold from $26.00 to $25.00 and set a “buy” rating on the stock in a research report on Tuesday. Royal Bank of Canada raised their price target on Barrick Gold from $21.00 to $22.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Finally, Raymond James dropped their price objective on shares of Barrick Gold from $26.00 to $25.00 and set an “outperform” rating for the company in a research note on Monday. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $24.91.

Barrick Gold Company Profile

Barrick Gold Corporation is a sector-leading gold and copper producer.  Its shares trade on the New York Stock Exchange under the symbol GOLD and on the Toronto Stock Exchange under the symbol ABX.
 
In January 2019 Barrick merged with Randgold Resources and in July that year it combined its gold mines in Nevada, USA, with those of Newmont Corporation in a joint venture, Nevada Gold Mines, which is majority-owned and operated by Barrick.