Barrick Gold Corp (TSE:ABX) Declares Quarterly Dividend of $0.05

Barrick Gold Corp (TSE:ABX) (NYSE:ABX) announced a quarterly dividend on Monday, August 12th, Zacks reports. Investors of record on Friday, August 30th will be given a dividend of 0.053 per share by the basic materials company on Monday, September 16th. This represents a $0.21 annualized dividend and a yield of 0.91%. The ex-dividend date is Thursday, August 29th.

ABX traded down C$0.57 during trading on Tuesday, hitting C$23.23. The company had a trading volume of 3,623,121 shares, compared to its average volume of 5,114,404. The stock has a market capitalization of $41.98 billion and a P/E ratio of -19.43. Barrick Gold has a one year low of C$12.54 and a one year high of C$24.67. The stock has a 50-day moving average of C$21.94. The company has a debt-to-equity ratio of 31.73, a current ratio of 2.46 and a quick ratio of 1.28.

Several brokerages have commented on ABX. BMO Capital Markets reissued an “outperform” rating and set a C$20.00 price target on shares of Barrick Gold in a research report on Thursday, July 4th. Canaccord Genuity boosted their price target on shares of Barrick Gold from C$19.50 to C$21.00 in a research report on Friday, July 19th. Finally, Eight Capital boosted their price target on shares of Barrick Gold from C$20.00 to C$28.00 in a research report on Thursday, August 8th.

Barrick Gold Company Profile

Barrick Gold Corporation explores for and develops mineral properties. The company primarily explores for gold, copper, and silver deposits. It holds a 50% interest in the Veladero, a gold mine located in Argentina; 50% interest in the Kalgoorlie gold mine located in Australia; 95% interest in the Porgera 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 copper mine located in Saudi Arabia.

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Dividend History for Barrick Gold (TSE:ABX)

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