Today, Barrick Gold Corp. (ABX) to Issue Quarterly Dividend of $0.02 on December 15th

Today, Barrick Gold Corp. (ABX) to Issue Quarterly Dividend of $0.02 on  December 15th

Barrick Gold Corp. (NYSE:ABX) (TSE:ABX) declared a quarterly dividend on Wednesday, October 26th. Stockholders of record on Wednesday, November 30th will be given a dividend of 0.02 per share on Thursday, December 15th. This represents a $0.08 annualized dividend and a dividend yield of 0.54%. The ex-dividend date is Monday, November 28th.

Barrick Gold Corp. (NYSE:ABX) opened at 14.76 on Friday. The firm’s market cap is $17.20 billion. Barrick Gold Corp. has a 12-month low of $6.94 and a 12-month high of $23.47. The stock’s 50 day moving average is $16.33 and its 200 day moving average is $18.66.

Barrick Gold Corp. (NYSE:ABX) last issued its quarterly earnings data on Wednesday, October 26th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.04. The firm earned $2.30 billion during the quarter, compared to the consensus estimate of $2.25 billion. Barrick Gold Corp. had a positive return on equity of 6.81% and a negative net margin of 28.22%. The company’s quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the company earned $0.11 EPS. On average, equities research analysts expect that Barrick Gold Corp. will post $0.70 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC raised its position in Barrick Gold Corp. by 235.7% in the second quarter. FMR LLC now owns 25,629,021 shares of the company’s stock worth $547,117,000 after buying an additional 17,994,004 shares during the last quarter. Van ECK Associates Corp increased its stake in Barrick Gold Corp. by 20.0% in the second quarter. Van ECK Associates Corp now owns 59,726,542 shares of the company’s stock worth $1,275,162,000 after buying an additional 9,942,301 shares during the period. Mackenzie Financial Corp acquired a new stake in Barrick Gold Corp. during the second quarter worth $135,397,000. American Century Companies Inc. increased its stake in Barrick Gold Corp. by 51.0% in the second quarter. American Century Companies Inc. now owns 2,282,393 shares of the company’s stock worth $48,729,000 after buying an additional 770,881 shares during the period. Finally, Axiom International Investors LLC DE acquired a new stake in Barrick Gold Corp. during the second quarter worth $9,986,000. 60.61% of the stock is currently owned by institutional investors and hedge funds.

ABX has been the subject of a number of research analyst reports. Citigroup Inc. initiated coverage on Barrick Gold Corp. in a report on Tuesday, August 2nd. They set a “buy” rating and a $29.00 target price for the company. RBC Capital Markets restated a “sector perform” rating on shares of Barrick Gold Corp. in a report on Wednesday, October 26th. TD Securities restated a “buy” rating and set a $26.00 target price on shares of Barrick Gold Corp. in a report on Saturday, August 13th. Berenberg Bank initiated coverage on Barrick Gold Corp. in a report on Wednesday, September 7th. They set a “sell” rating and a $15.20 target price for the company. Finally, Zacks Investment Research upgraded Barrick Gold Corp. from a “hold” rating to a “strong-buy” rating and set a $20.00 target price for the company in a report on Wednesday, September 28th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $21.53.

About Barrick Gold Corp.

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