Key Points
- Barrick Gold director Robert Ananda Paul Samek bought 10,000 shares for C$550,600 at C$55.06 each, boosting his direct stake by 112.36% to 18,900 shares.
- The stock was little changed, with TSE:ABX up 0.3% and trading at C$55.06, below both its 50-day moving average of C$57.37 and 200-day moving average of C$60.37.
- Analysts remain generally bullish: Barrick Gold has an average "Buy" rating and a consensus price target of C$76.78, despite mixed individual calls.
Barrick Gold Co. (TSE:ABX - Get Free Report) (NYSE:ABX) Director Robert Ananda Paul Samek purchased 10,000 shares of the company's stock in a transaction that occurred on Friday, June 5th. The shares were acquired at an average cost of C$55.06 per share, for a total transaction of C$550,600.00. Following the completion of the transaction, the director directly owned 18,900 shares of the company's stock, valued at C$1,040,634. This trade represents a 112.36% increase in their position.
Barrick Gold Stock Up 0.3%
TSE:ABX opened at C$55.06 on Tuesday. The business's fifty day moving average price is C$57.37 and its 200 day moving average price is C$60.37. The company has a current ratio of 3.06, a quick ratio of 2.62 and a debt-to-equity ratio of 17.29. Barrick Gold Co. has a 1-year low of C$27.15 and a 1-year high of C$74.00. The firm has a market capitalization of C$92.25 billion, a price-to-earnings ratio of 15.21, a PEG ratio of 2.34 and a beta of 1.50.
Barrick Gold (TSE:ABX - Get Free Report) (NYSE:ABX) last issued its earnings results on Monday, May 11th. The basic materials company reported C$1.36 EPS for the quarter. The firm had revenue of C$5.81 billion for the quarter. Barrick Gold had a return on equity of 23.48% and a net margin of 32.04%. On average, sell-side analysts forecast that Barrick Gold Co. will post 2.2422764 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on the company. Barclays set a C$56.00 price target on Barrick Gold and gave the company an "equal weight" rating in a research report on Friday, May 22nd. ATB Cormark Capital Markets lowered Barrick Gold from a "moderate buy" rating to a "hold" rating and increased their price objective for the company from C$70.00 to C$75.00 in a research report on Tuesday, April 7th. Stifel Nicolaus increased their price objective on Barrick Gold from C$65.00 to C$95.00 and gave the company a "buy" rating in a research report on Tuesday, February 10th. Canaccord Genuity Group decreased their price objective on Barrick Gold from C$80.00 to C$77.00 in a research report on Wednesday, February 18th. Finally, BMO Capital Markets raised their price target on Barrick Gold from C$55.00 to C$65.00 in a research report on Wednesday, April 22nd. Five equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, Barrick Gold currently has an average rating of "Buy" and an average target price of C$76.78.
Check Out Our Latest Research Report on Barrick Gold
Barrick Gold Company Profile
(
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.
Further Reading
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