Key Points
- Director Mark Francis Hill sold 174,778 Barrick Gold shares at an average price of C$59.47, generating proceeds of approximately C$10.39 million and reducing his ownership by 58.13%.
- Barrick Gold shares opened at C$57.87, with a market capitalization of C$95.25 billion and a 52-week range of C$42.62 to C$74.00. The company reported C$1.17 in quarterly EPS and C$6.06 billion in revenue.
- Despite mixed analyst price-target revisions, Barrick Gold has a consensus “Buy” rating and an average target price of C$67.67.
Barrick Gold Co. (TSE:ABX - Get Free Report) (NYSE:ABX) Director Mark Francis Hill sold 174,778 shares of the company's stock in a transaction that occurred on Friday, September 25th. The stock was sold at an average price of C$59.47, for a total transaction of C$10,394,047.66. Following the completion of the transaction, the director owned 125,914 shares in the company, valued at approximately C$7,488,105.58. This represents a 58.13% decrease in their ownership of the stock.
Barrick Gold Stock Performance
TSE:ABX opened at C$57.87 on Thursday. The company has a debt-to-equity ratio of 17.15, a quick ratio of 2.62 and a current ratio of 3.01. The stock has a market capitalization of C$95.25 billion, a P/E ratio of 14.95, a PEG ratio of 2.34 and a beta of 1.68. The company has a 50 day moving average price of C$59.16 and a 200 day moving average price of C$56.89. Barrick Gold Co. has a fifty-two week low of C$42.62 and a fifty-two week high of C$74.00.
Barrick Gold (TSE:ABX - Get Free Report) (NYSE:ABX) last announced its earnings results on Monday, August 10th. The basic materials company reported C$1.17 earnings per share (EPS) for the quarter. The company had revenue of C$6.06 billion for the quarter. Barrick Gold had a return on equity of 24.57% and a net margin of 31.60%. Equities research analysts forecast that Barrick Gold Co. will post 2.2422764 EPS for the current year.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on ABX. ATB Cormark Capital Markets cut 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 report on Tuesday, August 11th. National Bank Financial raised their target price on Barrick Gold from C$67.50 to C$70.00 and gave the company an "outperform" rating in a report on Tuesday, August 11th. Royal Bank Of Canada dropped their target price on Barrick Gold from C$51.00 to C$49.00 and set an "outperform" rating for the company in a research report on Thursday, July 9th. Canaccord Genuity Group boosted their price target on shares of Barrick Gold from C$68.00 to C$73.00 and gave the stock a "buy" rating in a research note on Tuesday, August 25th. Finally, Citigroup raised shares of Barrick Gold to a "hold" rating in a research report on Thursday, September 3rd. 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's stock. Based on data from MarketBeat.com, Barrick Gold has a consensus rating of "Buy" and a consensus target price of C$67.67.
Check Out Our Latest Stock Report on ABX
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.
Further Reading
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