Barrick Gold Corp’s (ABX) Outperform Rating Reaffirmed at BMO Capital Markets

BMO Capital Markets reaffirmed their outperform rating on shares of Barrick Gold Corp (TSE:ABX) (NYSE:ABX) in a research report report published on Friday, June 30th. BMO Capital Markets currently has a C$21.00 price objective on the stock.

A number of other brokerages have also issued reports on ABX. Scotiabank reissued a sector perform rating and issued a C$30.00 price objective on shares of Barrick Gold Corp in a report on Friday, April 7th. TD Securities reissued a hold rating and issued a C$27.00 price objective on shares of Barrick Gold Corp in a report on Tuesday, April 25th. Royal Bank Of Canada reissued an outperform rating on shares of Barrick Gold Corp in a report on Monday, April 24th. Canaccord Genuity increased their price target on Barrick Gold Corp from C$30.00 to C$31.00 and gave the company a buy rating in a research note on Wednesday, March 29th. Finally, Clarkson Capital reaffirmed a neutral rating on shares of Barrick Gold Corp in a research note on Wednesday, May 10th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of C$26.00.

Barrick Gold Corp (TSE:ABX) traded up 0.310% during mid-day trading on Friday, hitting $21.055. The company had a trading volume of 1,413,545 shares. The company has a market capitalization of $24.55 billion and a P/E ratio of 10.423. The company has a 50-day moving average price of $20.68 and a 200 day moving average price of $23.28. Barrick Gold Corp has a 52-week low of $18.52 and a 52-week high of $29.97.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be issued a $0.03 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.57%.

Barrick Gold Corp Company Profile

Barrick Gold Corporation (Barrick) is a gold mining company. The Company is principally engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. The Company’s segments include Goldstrike, Cortez, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Acacia Mining plc (Acacia), Pascua-Lama and Other Mines.

Analyst Recommendations for Barrick Gold Corp (TSE:ABX)

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