Barrick Gold (TSE:ABX) Given Buy Rating at TD Securities

TD Securities reaffirmed their buy rating on shares of Barrick Gold (TSE:ABX) (NYSE:ABX) in a report released on Wednesday, Stock Target Advisor reports. They currently have a C$34.00 price target on the basic materials company’s stock.

Other research analysts have also recently issued research reports about the company. Stifel Nicolaus upped their target price on Barrick Gold from C$25.00 to C$27.00 and gave the company a buy rating in a research note on Friday, April 19th. Eight Capital raised their price target on shares of Barrick Gold from C$32.00 to C$36.00 and gave the stock a buy rating in a research note on Monday, April 22nd. Canaccord Genuity Group boosted their price objective on shares of Barrick Gold from C$27.00 to C$30.00 in a research report on Tuesday, April 23rd. Berenberg Bank lifted their price target on shares of Barrick Gold from C$29.00 to C$31.00 in a research note on Monday, April 8th. Finally, Sanford C. Bernstein increased their price objective on Barrick Gold from C$31.00 to C$32.00 and gave the stock an outperform rating in a research note on Thursday, April 18th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of C$29.73.

Barrick Gold Price Performance

TSE:ABX opened at C$22.52 on Wednesday. The firm has a market capitalization of C$39.64 billion, a price-to-earnings ratio of 22.75, a PEG ratio of 1.94 and a beta of 0.46. The company has a debt-to-equity ratio of 16.32, a current ratio of 3.16 and a quick ratio of 2.62. The business has a 50 day simple moving average of C$22.19 and a 200-day simple moving average of C$22.16. Barrick Gold has a 1 year low of C$18.65 and a 1 year high of C$28.19.

Barrick Gold (TSE:ABX) (NYSE:ABX) last announced its earnings results on Wednesday, February 14th. The basic materials company reported C$0.37 earnings per share for the quarter, beating the consensus estimate of C$0.28 by C$0.09. The business had revenue of C$4.16 billion for the quarter, compared to the consensus estimate of C$4.28 billion. Barrick Gold had a net margin of 11.16% and a return on equity of 6.17%. Equities analysts forecast that Barrick Gold will post 1.196793 EPS for the current year.

Barrick Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 2.40%. The ex-dividend date is Friday, May 31st. This is a positive change from Barrick Gold’s previous quarterly dividend of $0.10. Barrick Gold’s dividend payout ratio is currently 54.55%.

About Barrick Gold

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.