Insider Buying: Barrick Gold (TSE:ABX) Insider Purchases C$848,476.51 in Stock

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) insider Sarah Anna Ball Teslik purchased 12,613 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were purchased at an average cost of C$67.27 per share, with a total value of C$848,476.51. Following the completion of the acquisition, the insider directly owned 12,613 shares in the company, valued at C$848,476.51. The trade was a ? increase in their ownership of the stock.

Barrick Gold Price Performance

TSE ABX traded up C$0.57 on Tuesday, hitting C$67.20. 1,298,207 shares of the company were exchanged, compared to its average volume of 5,524,172. Barrick Gold Co. has a 1-year low of C$35.97 and a 1-year high of C$74.00. The firm has a 50 day moving average of C$54.77 and a two-hundred day moving average of C$57.54. The company has a market cap of C$112.59 billion, a P/E ratio of 17.36, a P/E/G ratio of 2.34 and a beta of 1.60. The company has a current ratio of 3.01, a quick ratio of 2.62 and a debt-to-equity ratio of 17.15.

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ABX shares. Raymond James Financial lowered their target price on Barrick Gold from C$58.00 to C$56.00 and set an “outperform” rating for the company in a research note on Tuesday, August 11th. ATB Cormark Capital Markets lowered their price target on Barrick Gold from C$60.00 to C$57.00 and set a “sector perform” rating on the stock in a research report on Tuesday, August 11th. Citigroup decreased their price target on shares of Barrick Gold from C$48.00 to C$41.00 and set a “neutral” rating on the stock in a research note on Monday, July 27th. Royal Bank Of Canada cut their price objective on shares of Barrick Gold from C$51.00 to C$49.00 and set an “outperform” rating for the company in a report on Thursday, July 9th. Finally, Canaccord Genuity Group lifted their price objective on Barrick Gold from C$68.00 to C$73.00 and gave the company a “buy” rating in a report on Tuesday. Three analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price 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.