Vetr cut shares of Barrick Gold Corp (NYSE:ABX) (TSE:ABX) from a buy rating to a hold rating in a report released on Wednesday morning. Vetr currently has $19.30 target price on the stock.

A number of other equities analysts have also commented on the company. Credit Suisse Group AG reissued a buy rating and set a $23.00 price target on shares of Barrick Gold Corp in a research note on Wednesday, February 15th. Zacks Investment Research raised Barrick Gold Corp from a strong sell rating to a hold rating in a research note on Tuesday, January 31st. TD Securities lowered Barrick Gold Corp from a buy rating to a hold rating and dropped their price target for the company from $25.00 to $18.00 in a research note on Wednesday, December 21st. TheStreet raised Barrick Gold Corp from a c rating to a b- rating in a research note on Thursday, February 23rd. Finally, Royal Bank of Canada reissued a hold rating and set a $19.00 price target on shares of Barrick Gold Corp in a research note on Tuesday, January 3rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $21.92.

Shares of Barrick Gold Corp (NYSE:ABX) opened at 19.06 on Wednesday. The stock has a 50 day moving average price of $18.87 and a 200-day moving average price of $17.11. Barrick Gold Corp has a 12 month low of $13.04 and a 12 month high of $23.47. The company has a market capitalization of $22.22 billion, a price-to-earnings ratio of 34.04 and a beta of -0.24.

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The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 15th. Shareholders of record on Tuesday, February 28th were given a dividend of $0.03 per share. The ex-dividend date was Friday, February 24th. This is an increase from Barrick Gold Corp’s previous quarterly dividend of $0.02. This represents a $0.12 dividend on an annualized basis and a yield of 0.63%. Barrick Gold Corp’s dividend payout ratio is -3.90%.

Large investors have recently modified their holdings of the company. Centre Asset Management LLC acquired a new stake in shares of Barrick Gold Corp during the second quarter valued at $1,616,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Barrick Gold Corp during the second quarter valued at $3,871,000. IFP Advisors Inc increased its stake in shares of Barrick Gold Corp by 98.5% in the second quarter. IFP Advisors Inc now owns 15,337 shares of the company’s stock valued at $327,000 after buying an additional 7,611 shares during the last quarter. Cohen & Steers Inc. increased its stake in shares of Barrick Gold Corp by 36.0% in the second quarter. Cohen & Steers Inc. now owns 181,326 shares of the company’s stock valued at $3,871,000 after buying an additional 47,970 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Barrick Gold Corp by 16.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 21,934 shares of the company’s stock valued at $468,000 after buying an additional 3,172 shares during the last quarter. Hedge funds and other institutional investors own 58.61% of the company’s stock.

About Barrick Gold Corp

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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To view Vetr’s full report, visit Vetr’s official website.

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