Barrick Gold Corp (NYSE:GOLD - Get Free Report) TSE: ABX traded up 0.5% during trading on Thursday . The stock traded as high as $15.82 and last traded at $15.79. 2,354,946 shares were traded during mid-day trading, a decline of 89% from the average session volume of 21,294,051 shares. The stock had previously closed at $15.71.
GOLD has been the topic of several recent research reports. Raymond James decreased their price target on Barrick Gold from $26.00 to $25.00 and set an "outperform" rating on the stock in a report on Monday, November 25th. Berenberg Bank boosted their price target on shares of Barrick Gold from $37.00 to $38.00 in a research note on Tuesday, November 26th. Cibc World Mkts lowered shares of Barrick Gold from a "strong-buy" rating to a "hold" rating in a report on Monday, November 25th. Royal Bank of Canada increased their price target on Barrick Gold from $21.00 to $22.00 and gave the company an "outperform" rating in a research note on Tuesday, September 10th. Finally, Scotiabank decreased their price objective on Barrick Gold from $24.00 to $23.00 and set a "sector outperform" rating for the company in a research note on Monday, November 25th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $24.82.
Read Our Latest Stock Report on Barrick Gold
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 market capitalization of $27.51 billion, a P/E ratio of 16.99, a P/E/G ratio of 0.47 and a beta of 0.53. The company has a 50 day moving average of $17.90 and a 200-day moving average of $18.46.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.53%. The ex-dividend date was Friday, November 29th. Barrick Gold's dividend payout ratio (DPR) is 43.01%.
A number of hedge funds have recently added to or reduced their stakes in GOLD. Principal Financial Group Inc. lifted its holdings in shares of Barrick Gold by 19.9% during the 3rd quarter. Principal Financial Group Inc. now owns 483,613 shares of the gold and copper producer's stock worth $9,630,000 after acquiring an additional 80,366 shares during the period. Inspire Trust Co. N.A. raised its position in Barrick Gold by 25.2% during the third quarter. Inspire Trust Co. N.A. now owns 49,700 shares of the gold and copper producer's stock valued at $989,000 after purchasing an additional 10,000 shares in the last quarter. Synovus Financial Corp bought a new stake in Barrick Gold during the third quarter worth $210,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Barrick Gold in the 3rd quarter valued at $517,000. Finally, Chelsea Counsel Co. increased its stake in shares of Barrick Gold by 1.4% in the 3rd quarter. Chelsea Counsel Co. now owns 42,973 shares of the gold and copper producer's stock valued at $855,000 after purchasing an additional 590 shares during the last quarter. Institutional investors own 62.85% of the company's stock.
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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