Barrick Gold (NYSE:ABX) (TSE:ABX) declared a quarterly dividend on Tuesday, April 24th, RTT News reports. Investors of record on Thursday, May 31st will be given a dividend of 0.03 per share by the basic materials company on Friday, June 15th. This represents a $0.12 dividend on an annualized basis and a yield of 0.90%.
Barrick Gold has decreased its dividend payment by an average of 15.7% annually over the last three years. Barrick Gold has a dividend payout ratio of 16.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Barrick Gold to earn $0.79 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 15.2%.
ABX traded up $0.46 during trading hours on Wednesday, reaching $13.38. The company’s stock had a trading volume of 19,300,647 shares, compared to its average volume of 12,812,895. Barrick Gold has a fifty-two week low of $11.07 and a fifty-two week high of $18.35. The stock has a market capitalization of $15,076.26, a PE ratio of 17.84, a P/E/G ratio of 7.79 and a beta of -0.17. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.60 and a current ratio of 2.68.
A number of research firms recently commented on ABX. Canaccord Genuity cut Barrick Gold from a “buy” rating to a “hold” rating in a report on Monday. Zacks Investment Research upgraded Barrick Gold from a “strong sell” rating to a “hold” rating in a report on Monday. Credit Suisse Group set a $19.00 price objective on Barrick Gold and gave the company a “hold” rating in a report on Friday, April 13th. Argus cut Barrick Gold from a “buy” rating to a “hold” rating in a report on Friday, March 2nd. Finally, Scotiabank decreased their price objective on Barrick Gold from $19.50 to $16.50 and set a “sector perform” rating on the stock in a report on Wednesday, February 28th. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and three have given a buy rating to the stock. Barrick Gold presently has an average rating of “Hold” and an average target price of $16.49.
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Barrick Gold Company Profile
Barrick Gold Corporation engages in the exploration and development of mineral properties. It primarily explores for gold and copper deposits. The company holds a 50% interest in the Veladero mine located in the San Juan Province of Argentina; 50% interest in the KCGM, a gold mine located in Australia; 95% interest in Porgera, a gold mine located in Papua New Guinea; 50% interest in the Zaldívar, a copper mine located in Chile; and 50% interest in the Jabal Sayid, a copper mine located in Saudi Arabia.
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