Barrick Gold (TSE:ABX) Director Sells C$10,394,047.66 in Stock

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) Director Mark Francis Hill sold 174,778 shares of the firm’s stock in a transaction dated Friday, September 25th. The shares were sold at an average price of C$59.47, for a total transaction of C$10,394,047.66. Following the completion of the sale, the director owned 125,914 shares of the company’s stock, valued at C$7,488,105.58. The trade was a 58.13% decrease in their position.

Barrick Gold Price Performance

Barrick Gold stock opened at C$57.41 on Friday. The business’s 50-day simple moving average is C$59.36 and its 200 day simple moving average is C$56.88. The company has a quick ratio of 2.62, a current ratio of 3.01 and a debt-to-equity ratio of 17.15. Barrick Gold Co. has a 12-month low of C$42.62 and a 12-month high of C$74.00. The stock has a market cap of C$94.49 billion, a price-to-earnings ratio of 14.83, a P/E/G ratio of 2.34 and a beta of 1.68.

Barrick Gold (TSE:ABX) (NYSE:ABX) last issued its earnings results on Monday, August 10th. The basic materials company reported C$1.17 earnings per share (EPS) for the quarter. Barrick Gold had a return on equity of 24.57% and a net margin of 31.60%.The firm had revenue of C$6.06 billion for the quarter. As a group, research analysts anticipate that Barrick Gold Co. will post 2.2422764 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on ABX. Barclays increased their price objective on shares of Barrick Gold from C$55.00 to C$58.00 in a research note on Thursday, August 13th. Citigroup raised Barrick Gold to a “hold” rating in a research report on Thursday, September 3rd. National Bank Financial lifted their price objective on shares of Barrick Gold from C$67.50 to C$70.00 and gave the company an “outperform” rating in a research note on Tuesday, August 11th. Canaccord Genuity Group increased their price objective on shares of Barrick Gold from C$68.00 to C$73.00 and gave the stock a “buy” rating in a research report on Tuesday, August 25th. Finally, ATB Cormark Capital Markets reduced their price objective on shares of Barrick Gold from C$60.00 to C$57.00 and set a “sector perform” rating for the company in a report on Tuesday, August 11th. Three analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$67.67.

Barrick Gold Company Profile

Barrick is a leading global mining, exploration and development company. With one of the largest portfolios of world-class and long-life gold and copper assets in the industry – including six of the world’s Tier One gold mines -Barrick’s operations and projects span 18 countries and five continents. Barrick is also the largest gold producer in the United States. We create real, long-term value for all stakeholders through responsible mining, strong partnerships and a disciplined approach to growth.