Barrick Gold (TSE:ABX) Price Target Cut to C$32.00 by Analysts at Stifel Nicolaus

Barrick Gold (TSE:ABX) (NYSE:ABX) had its price objective trimmed by Stifel Nicolaus from C$33.50 to C$32.00 in a report released on Monday morning,BayStreet.CA reports.

A number of other analysts also recently issued reports on the stock. Sanford C. Bernstein dropped their target price on shares of Barrick Gold from C$37.00 to C$36.00 in a research report on Tuesday, November 5th. Cibc World Mkts lowered shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th. Argus upgraded shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 29th. UBS Group cut shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Finally, TD Securities reissued a “buy” rating and issued a C$34.00 price objective on shares of Barrick Gold in a research report on Wednesday, October 16th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$31.00.

Barrick Gold Price Performance

ABX stock opened at C$24.23 on Monday. The company has a market cap of C$42.40 billion, a PE ratio of 20.36, a price-to-earnings-growth ratio of 2.34 and a beta of 0.48. The company has a current ratio of 3.01, a quick ratio of 2.62 and a debt-to-equity ratio of 14.54. The stock has a 50-day moving average price of C$26.51 and a two-hundred day moving average price of C$25.24. Barrick Gold has a 12-month low of C$18.65 and a 12-month high of C$29.50.

Barrick Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date is Friday, November 29th. Barrick Gold’s dividend payout ratio is currently 45.38%.

Insiders Place Their Bets

In other Barrick Gold news, Senior Officer Joel James Holliday sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of C$27.36, for a total transaction of C$547,298.10. Also, Director Christopher Lewis Coleman sold 121,334 shares of Barrick Gold stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of C$28.10, for a total value of C$3,409,485.40. Insiders have sold 143,834 shares of company stock worth $4,017,999 in the last three months. 0.60% of the stock is owned by insiders.

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.