Barrick Gold (TSE:ABX) Shares Pass Above Two Hundred Day Moving Average of $21.71

Barrick Gold Co. (TSE:ABX) (NYSE:ABX)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$21.71 and traded as high as C$21.99. Barrick Gold shares last traded at C$21.99, with a volume of 2,573,586 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Sanford C. Bernstein decreased their price target on shares of Barrick Gold from C$30.00 to C$29.00 and set an “outperform” rating on the stock in a report on Thursday, January 25th. Raymond James dropped their price target on Barrick Gold from C$28.00 to C$24.00 in a research report on Friday, February 16th. National Bank Financial upped their price objective on shares of Barrick Gold to C$29.00 and gave the stock a “sector perform” rating in a research report on Monday, January 15th. Stifel Nicolaus cut their price target on shares of Barrick Gold from C$30.00 to C$25.00 and set a “buy” rating for the company in a research note on Friday, January 26th. Finally, National Bankshares decreased their price target on shares of Barrick Gold from C$29.00 to C$28.00 and set a “sector perform” rating on the stock in a report on Tuesday, February 6th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Barrick Gold has an average rating of “Moderate Buy” and an average target price of C$28.81.

Barrick Gold Price Performance

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 stock has a market capitalization of C$39.65 billion, a PE ratio of 22.99, a P/E/G ratio of 1.94 and a beta of 0.41. The firm’s 50 day simple moving average is C$20.65 and its 200 day simple moving average is C$21.72.

Barrick Gold (TSE:ABX) (NYSE:ABX) last announced its quarterly earnings data on Wednesday, February 14th. The basic materials company reported C$0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.28 by C$0.09. The firm had revenue of C$4.16 billion for the quarter, compared to analysts’ expectations of C$4.28 billion. Barrick Gold had a return on equity of 6.17% and a net margin of 11.16%. As a group, equities analysts forecast that Barrick Gold Co. will post 1.1903153 EPS for the current fiscal year.

Barrick Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date was Wednesday, February 28th. Barrick Gold’s payout ratio is 55.10%.

Barrick Gold Company Profile

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.