Barrick Gold (NYSE:GOLD) PT Raised to $5.75

Barrick Gold (NYSE:GOLD) (TSE:ABX) had its price objective raised by HC Wainwright from $5.00 to $5.75 in a report published on Monday morning, Stock Target Advisor reports. HC Wainwright currently has a buy rating on the basic materials company’s stock.

Several other equities research analysts also recently issued reports on the company. Citigroup downgraded Barrick Gold to a neutral rating in a report on Thursday, May 23rd. Barclays downgraded Barrick Gold from an overweight rating to an equal weight rating and raised their price target for the company from $15.00 to $18.00 in a report on Tuesday, July 16th. BMO Capital Markets raised Barrick Gold to an outperform rating and raised their price target for the company from $14.50 to $20.00 in a report on Wednesday, July 3rd. Finally, ValuEngine downgraded Barrick Gold from a buy rating to a hold rating in a report on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $15.52.

Shares of Barrick Gold stock opened at $18.64 on Monday. The firm’s fifty day simple moving average is $17.18. Barrick Gold has a 1 year low of $9.53 and a 1 year high of $18.77. The firm has a market cap of $32.59 billion, a P/E ratio of 53.26, a price-to-earnings-growth ratio of 18.77 and a beta of -0.24. The company has a quick ratio of 1.63, a current ratio of 2.72 and a debt-to-equity ratio of 0.30.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Thursday, August 29th. Barrick Gold’s dividend payout ratio is currently 45.71%.

Barrick Gold Company Profile

Barrick Gold Corporation engages in the exploration and development of mineral properties. It primarily explores for gold and copper deposits. The company holds a 50% interest in the Veladero mine located in the San Juan Province of Argentina; 50% interest in the KCGM, a gold mine located in Australia; 95% interest in Porgera, a gold mine located in Papua New Guinea; 50% interest in the Zaldívar, a copper mine located in Chile; and 50% interest in the Jabal Sayid, a copper mine located in Saudi Arabia.

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Analyst Recommendations for Barrick Gold (NYSE:GOLD)

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