Barrick Gold (ABX) Given Hold Rating at Desjardins

Desjardins reiterated their hold rating on shares of Barrick Gold (TSE:ABX) (NYSE:ABX) in a report issued on Monday morning.

A number of other research firms have also issued reports on ABX. Canaccord Genuity decreased their price objective on Barrick Gold from C$30.00 to C$27.50 in a research note on Friday, September 29th. BMO Capital Markets reiterated a market perform rating and set a C$18.00 price objective on shares of Barrick Gold in a research note on Friday, October 13th. CSFB decreased their price objective on Barrick Gold to C$24.00 and set a neutral rating on the stock in a research note on Thursday, October 26th. Royal Bank of Canada lowered Barrick Gold from an outperform rating to a sector perform rating and decreased their price objective for the company from C$21.00 to C$18.00 in a research note on Wednesday, November 1st. Finally, TD Securities decreased their price objective on Barrick Gold to C$22.00 and set a hold rating on the stock in a research note on Monday, November 6th. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of C$22.43.

Barrick Gold (TSE ABX) opened at C$17.54 on Monday. Barrick Gold has a 1 year low of C$17.07 and a 1 year high of C$27.19.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be issued a $0.037 dividend. This is a boost from Barrick Gold’s previous quarterly dividend of $0.03. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend is Wednesday, November 29th. Barrick Gold’s dividend payout ratio is presently 4.58%.

In related news, Director Kelvin Paul Michael Dushnisky bought 56,733 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was bought at an average cost of C$17.97 per share, for a total transaction of C$1,019,492.01. Also, insider Richard James Elton Williams bought 27,302 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were bought at an average price of C$17.97 per share, with a total value of C$490,616.94.

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Barrick Gold 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 (TSE:ABX)

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