Key Points
- Insider sale: Graham Patrick Shuttleworth sold 100,000 shares on Feb. 10 at C$64.72 each (C$6.47M), reducing his stake by 17.03% to 487,252 shares valued at about C$31.53M.
- Market snapshot: ABX shares opened at C$65.32 (up 5.6%), trade in a 12-month range of C$24.28–C$74.00, and the company has a market cap of C$109.43B with a P/E of 22.29.
- Analyst outlook: Consensus rating is a "Buy" with a C$73.50 target, and multiple brokerages have recent buy/strong-buy ratings and target prices mostly between ~C$75 and C$95.
Barrick Gold Co. (TSE:ABX - Get Free Report) (NYSE:ABX) Director Pekka Juhani Vauramo acquired 12,400 shares of Barrick Gold stock in a transaction that occurred on Thursday, February 12th. The stock was bought at an average price of C$65.41 per share, for a total transaction of C$811,084.00. Following the completion of the acquisition, the director owned 12,400 shares in the company, valued at C$811,084. This trade represents a ∞ increase in their position.
Barrick Gold Trading Up 5.6%
Shares of ABX stock opened at C$65.32 on Friday. Barrick Gold Co. has a 1-year low of C$24.28 and a 1-year high of C$74.00. The firm has a market cap of C$109.43 billion, a PE ratio of 22.29, a price-to-earnings-growth ratio of 2.34 and a beta of 1.47. The company has a 50-day moving average of C$63.92 and a two-hundred day moving average of C$50.69. The company has a debt-to-equity ratio of 19.83, a current ratio of 2.65 and a quick ratio of 2.62.
Barrick Gold (TSE:ABX - Get Free Report) (NYSE:ABX) last issued its quarterly earnings data on Monday, November 10th. The basic materials company reported C$0.58 EPS for the quarter. The firm had revenue of C$3.41 billion for the quarter. Barrick Gold had a net margin of 13.19% and a return on equity of 6.90%. On average, analysts predict that Barrick Gold Co. will post 2.2422764 EPS for the current year.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on ABX. Citigroup upgraded Barrick Gold from a "hold" rating to a "strong-buy" rating in a research report on Monday, November 24th. National Bank Financial decreased their target price on Barrick Gold from C$82.50 to C$75.00 and set an "outperform" rating on the stock in a research note on Tuesday. Scotiabank raised Barrick Gold from a "hold" rating to a "strong-buy" rating in a research report on Thursday, October 23rd. Stifel Nicolaus boosted their price target on shares of Barrick Gold from C$65.00 to C$95.00 and gave the stock a "buy" rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. set a C$92.00 price objective on shares of Barrick Gold and gave the company an "overweight" rating in a research note on Thursday, January 29th. Six research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of C$73.50.
View Our Latest Analysis on Barrick Gold
About Barrick Gold
(
Get Free Report)
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.
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