Key Points
- Insider purchase: Sarah Anna Ball Teslik bought 12,613 Barrick Gold shares at an average C$67.27 each, for a total investment of approximately C$848,477.
- Financial performance: Barrick reported quarterly earnings of C$1.17 per share and revenue of C$6.06 billion, alongside a 31.60% net margin and 24.57% return on equity.
- Analyst outlook: Analysts maintain an average “Buy” rating with a C$67.67 target price, though recent price objectives ranged from C$49 to C$70.
Barrick Gold Co. (TSE:ABX - Get Free Report) (NYSE:ABX) insider Sarah Anna Ball Teslik purchased 12,613 shares of Barrick Gold stock in a transaction dated Friday, August 21st. The stock was bought at an average price of C$67.27 per share, with a total value of C$848,476.51. Following the completion of the transaction, the insider owned 12,613 shares of the company's stock, valued at C$848,476.51. This represents a ∞ increase in their position.
Barrick Gold Stock Performance
TSE:ABX opened at C$67.58 on Wednesday. The business's fifty day moving average is C$54.92 and its 200 day moving average is C$57.55. The firm has a market cap of C$113.23 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 2.34 and a beta of 1.60. The company has a debt-to-equity ratio of 17.15, a quick ratio of 2.62 and a current ratio of 3.01. Barrick Gold Co. has a 52-week low of C$35.97 and a 52-week high of C$74.00.
Barrick Gold (TSE:ABX - Get Free Report) (NYSE:ABX) last posted its earnings results on Monday, August 10th. The basic materials company reported C$1.17 earnings per share for the quarter. Barrick Gold had a return on equity of 24.57% and a net margin of 31.60%.The business had revenue of C$6.06 billion during the quarter. Research analysts predict that Barrick Gold Co. will post 2.2422764 EPS for the current year.
Wall Street Analyst Weigh In
Several equities analysts recently commented on ABX shares. Barclays boosted their price objective on shares of Barrick Gold from C$55.00 to C$58.00 in a research note on Thursday, August 13th. Raymond James Financial reduced their price target on shares of Barrick Gold from C$58.00 to C$56.00 and set an "outperform" rating for the company in a research report on Tuesday, August 11th. National Bank Financial upped their price target on shares of Barrick Gold from C$67.50 to C$70.00 and gave the stock an "outperform" rating in a report on Tuesday, August 11th. ATB Cormark Capital Markets lowered their price objective 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. Finally, Royal Bank Of Canada dropped their price objective on Barrick Gold from C$51.00 to C$49.00 and set an "outperform" rating for the company in a research note on Thursday, July 9th. Three research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of C$67.67.
View Our Latest Stock 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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