Barrick Gold (NYSE:GOLD) Trading Down 0.9% (2024)

Shares of Barrick Gold Corp (NYSE:GOLD - Get Free Report) TSE: ABX fell 0.9% during mid-day trading on Thursday . The stock traded as low as $18.74 and last traded at $18.99. 4,297,571 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 21,741,186 shares. The stock had previously closed at $19.16.

Analysts Set New Price Targets

GOLD has been the subject of a number of recent research reports. CIBC increased their price objective on Barrick Gold from $23.00 to $27.00 and gave the company an "outperformer" rating in a report on Wednesday, July 10th. BMO Capital Markets lowered their target price on shares of Barrick Gold from $27.00 to $26.00 and set an "outperform" rating on the stock in a report on Wednesday, April 17th. Finally, Jefferies Financial Group upped their target price on shares of Barrick Gold from $22.00 to $23.00 and gave the stock a "buy" rating in a research report on Friday, July 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $22.20.

View Our Latest Research Report on Barrick Gold

Barrick Gold Trading Down 0.6 %

The stock has a market capitalization of $33.39 billion, a price-to-earnings ratio of 23.23, a PEG ratio of 0.48 and a beta of 0.51. The company's 50-day moving average is $17.51 and its 200-day moving average is $16.68. The company has a quick ratio of 2.49, a current ratio of 3.32 and a debt-to-equity ratio of 0.15.

Barrick Gold (NYSE:GOLD - Get Free Report) TSE: ABX last announced its earnings results on Monday, August 12th. The gold and copper producer reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.05. The company had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.13 billion. Barrick Gold had a net margin of 12.58% and a return on equity of 4.88%. Barrick Gold's revenue was up 11.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.19 earnings per share. Research analysts anticipate that Barrick Gold Corp will post 1.16 earnings per share for the current fiscal year.

Barrick Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Friday, August 30th. Barrick Gold's payout ratio is 48.78%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in GOLD. 1832 Asset Management L.P. raised its holdings in Barrick Gold by 19.2% during the fourth quarter. 1832 Asset Management L.P. now owns 1,051,755 shares of the gold and copper producer's stock worth $19,026,000 after purchasing an additional 169,350 shares in the last quarter. Corient Private Wealth LLC raised its stake in Barrick Gold by 0.9% in the 4th quarter. Corient Private Wealth LLC now owns 123,651 shares of the gold and copper producer's stock valued at $2,237,000 after purchasing an additional 1,066 shares during the last quarter. First Hawaiian Bank acquired a new stake in shares of Barrick Gold during the 1st quarter worth about $235,000. RFG Advisory LLC boosted its stake in shares of Barrick Gold by 87.0% during the 1st quarter. RFG Advisory LLC now owns 41,002 shares of the gold and copper producer's stock worth $682,000 after purchasing an additional 19,077 shares during the last quarter. Finally, Financial Sense Advisors Inc. lifted its holdings in shares of Barrick Gold by 142.1% during the 1st quarter. Financial Sense Advisors Inc. now owns 826,507 shares of the gold and copper producer's stock worth $13,753,000 after acquiring an additional 485,077 shares during the period. Hedge funds and other institutional investors own 62.85% of the company's stock.

Barrick Gold Company Profile

(Get Free Report)

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.

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