Barrick Gold Corp (TSE:ABX) (NYSE:ABX) shares traded down 3.8% on Wednesday . The company traded as low as C$18.09 and last traded at C$18.17. 3,997,753 shares changed hands during mid-day trading, an increase of 67% from the average session volume of 2,389,952 shares. The stock had previously closed at C$18.88.
A number of research analysts have recently weighed in on the company. Desjardins restated a “hold” rating on shares of Barrick Gold in a research report on Monday, December 11th. Eight Capital restated a “neutral” rating on shares of Barrick Gold in a research report on Thursday, November 16th. TD Securities dropped their price target on Barrick Gold to C$22.00 and set a “hold” rating for the company in a research report on Monday, November 6th. Royal Bank of Canada cut Barrick Gold from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from C$21.00 to C$18.00 in a research report on Wednesday, November 1st. Finally, CSFB dropped their price target on Barrick Gold to C$24.00 and set a “neutral” rating for the company in a research report on Thursday, October 26th. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of C$22.83.
The firm has a market capitalization of $21,190.00, a PE ratio of 7.83 and a beta of -0.88.
In related news, insider Richard James Elton Williams acquired 27,302 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was purchased at an average price of C$17.97 per share, for a total transaction of C$490,616.94. Also, Director Kelvin Paul Michael Dushnisky acquired 56,733 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were bought at an average price of C$17.97 per share, with a total value of C$1,019,492.01. In the last quarter, insiders have purchased 91,535 shares of company stock valued at $1,617,559.
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Barrick Gold Company Profile
Barrick Gold Corporation (Barrick) is a gold mining company. The Company is principally engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. The Company’s segments include Goldstrike, Cortez, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Acacia Mining plc (Acacia), Pascua-Lama and Other Mines.
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