Barrick Gold Corp (TSE:ABX) Director Purchases C$35,250.00 in Stock

Barrick Gold Corp (TSE:ABX) (NYSE:ABX) Director Pablo Marcet acquired 2,500 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The shares were bought at an average price of C$14.10 per share, with a total value of C$35,250.00.

Barrick Gold Corp (TSE ABX) opened at C$18.36 on Friday. The company has a market capitalization of $21,410.00, a price-to-earnings ratio of 7.85 and a beta of -0.88. Barrick Gold Corp has a 52 week low of C$17.07 and a 52 week high of C$27.19.

The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, November 30th were paid a dividend of $0.037 per share. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $0.15 annualized dividend and a dividend yield of 0.81%. This is a positive change from Barrick Gold’s previous quarterly dividend of $0.03. Barrick Gold’s dividend payout ratio (DPR) is currently 4.70%.

A number of research analysts have recently commented on ABX shares. Canaccord Genuity lowered their target price on Barrick Gold from C$30.00 to C$27.50 in a research report on Friday, September 29th. Royal Bank of Canada downgraded Barrick Gold from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from C$21.00 to C$18.00 in a research report on Wednesday, November 1st. CSFB lowered their target price on Barrick Gold to C$24.00 and set a “neutral” rating for the company in a research report on Thursday, October 26th. BMO Capital Markets restated a “market perform” rating and set a C$18.00 price target on shares of Barrick Gold in a report on Friday, October 13th. Finally, Desjardins restated a “hold” rating on shares of Barrick Gold in a report on Monday, December 11th. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of C$22.83.

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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.

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