Barrick Gold (TSE:ABX) Director Mark Francis Hill Sells 9,453 Shares

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) Director Mark Francis Hill sold 9,453 shares of the firm’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of C$56.85, for a total value of C$537,403.05. Following the sale, the director directly owned 334,176 shares of the company’s stock, valued at approximately C$18,997,905.60. This trade represents a 2.75% decrease in their position.

Mark Francis Hill also recently made the following trade(s):

• On Friday, June 19th, Mark Francis Hill sold 36,969 shares of Barrick Gold stock. The shares were sold at an average price of C$55.93, for a total value of C$2,067,676.17.
• On Thursday, May 28th, Mark Francis Hill sold 88,000 shares of Barrick Gold stock. The stock was sold at an average price of C$57.85, for a total value of C$5,090,800.00.

Barrick Gold Stock Down 4.6%

Shares of TSE:ABX opened at C$54.21 on Wednesday. The business has a 50-day moving average price of C$57.12 and a 200 day moving average price of C$60.41. The company has a current ratio of 3.06, a quick ratio of 2.62 and a debt-to-equity ratio of 17.29. The company has a market capitalization of C$90.83 billion, a price-to-earnings ratio of 14.98, a PEG ratio of 2.34 and a beta of 1.50. Barrick Gold Co. has a 12-month low of C$27.89 and a 12-month high of C$74.00.

Barrick Gold (TSE:ABX) (NYSE:ABX) last issued its quarterly earnings data on Monday, May 11th. The basic materials company reported C$1.36 earnings per share (EPS) for the quarter. Barrick Gold had a net margin of 32.04% and a return on equity of 23.48%. The firm had revenue of C$5.81 billion for the quarter. Sell-side analysts expect that Barrick Gold Co. will post 2.2422764 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. ATB Cormark Capital Markets downgraded shares of Barrick Gold from a “moderate buy” rating to a “hold” rating and lifted their target price for the company from C$70.00 to C$75.00 in a report on Tuesday, April 7th. JPMorgan Chase & Co. decreased their price target on Barrick Gold from C$91.00 to C$79.00 in a research note on Thursday, April 23rd. Sanford C. Bernstein raised their price target on Barrick Gold from C$86.00 to C$91.00 in a research report on Monday, April 20th. Barclays set a C$56.00 price objective on Barrick Gold and gave the company an “equal weight” rating in a research note on Friday, May 22nd. Finally, National Bank Financial boosted their price objective on Barrick Gold from C$72.50 to C$75.00 and gave the company an “outperform” rating in a report on Tuesday, May 12th. Five research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Barrick Gold currently has an average rating of “Buy” and an average target price of C$76.78.

About Barrick Gold

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.