Shares of Barrick Gold Corporation (NYSE:ABX) appreciated by 9.09% during the past week but lost 12.63% on a 4-week basis.

Gold prices have averaged roughly $1,188 per ounce so far this year, which is around 6% lower than the average value for last year. During the same period last year, the firm posted $0.14 EPS.

The Procter & Gamble Company (PG) of the Consumer Goods sector is down -1.10% so far today trading at $74.79 at a volume of 1093290 shares. Citigroup Inc. dropped their price objective on shares of Barrick Gold from $18.00 to $17.00 and set a buy rating on the stock in a research report on Saturday, July 18th.

The gold miner also slashed its dividend by 60 per cent to two cents per share. Barrick Gold has embarked on an aggressive $2 billion decrease in combined capital expenditure (CAPEX), operating expenditure (OPEX) and selling, general and administrative (SG&A) by end of 2016. The company has a market cap of $11.88 billion and is part of the Basic Materials and Gold – NEC industry. Investors of record on Monday, August 31st will be given a dividend of $0.02 per share. Scotiabank cut their price target on shares of Barrick Gold from $15.00 to $13.50 in a research note on Monday, August 10th.

According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Farooq Hamed and John Bridges have a total average return of -12.1% and -26.9% respectively.

Out of 30 analysts who cover the stock, 11 rate it a Buy, while 16 recommend a Hold.

Furthermore, Barrick Gold’s last reported net debt stood at $10.7 billion, after incorporating $610 million from the streaming deal with Royal Gold and $980 million in a payment for 50% of Zaldivar. The Organization manages in segments: eight individual gold mines, Acacia and Pascua-Lama project. The Business sells its creation on the planet marketplace through the distribution channels: gold bullion is sold in the gold spot market; gold and copper concentrate is sold to independent smelting companies, and copper cathode is sold to dealers and various producers. The Organization has 14 producing gold mines, positioned in Australia, the United States, Peru, Argentina, Canada, the Dominican Republic and Papua New Guinea.