Barrick Gold Corp (ABX) Downgraded by Royal Bank Of Canada to Sector Perform

Royal Bank Of Canada downgraded shares of Barrick Gold Corp (TSE:ABX) (NYSE:ABX) from an outperform rating to a sector perform rating in a research note published on Wednesday morning. Royal Bank Of Canada currently has C$18.00 price objective on the stock, down from their prior price objective of C$21.00.

Other equities research analysts have also issued research reports about the stock. CSFB cut their price target on shares of Barrick Gold Corp to C$24.00 and set a neutral rating on the stock in a report on Thursday, October 26th. TD Securities restated a hold rating and set a C$27.00 price target on shares of Barrick Gold Corp in a report on Tuesday, July 4th. Canaccord Genuity cut their price target on shares of Barrick Gold Corp from C$27.50 to C$25.00 and set a buy rating on the stock in a report on Friday, October 20th. Scotiabank restated a sector perform rating and set a C$30.00 price target on shares of Barrick Gold Corp in a report on Tuesday, July 4th. Finally, BMO Capital Markets restated a market perform rating and set a C$18.00 price target on shares of Barrick Gold Corp in a report on Thursday, July 6th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of C$23.14.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be paid a $0.037 dividend. This represents a $0.15 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend is Wednesday, November 29th. This is a positive change from Barrick Gold Corp’s previous quarterly dividend of $0.03.

Barrick Gold Corp 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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