Barrick Gold (TSE:ABX) Insider Sells C$6,472,000.00 in Stock

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) insider Graham Patrick Shuttleworth sold 100,000 shares of Barrick Gold stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of C$64.72, for a total transaction of C$6,472,000.00. Following the completion of the sale, the insider directly owned 487,252 shares in the company, valued at C$31,534,949.44. This trade represents a 17.03% decrease in their position.

Barrick Gold Trading Up 5.7%

Shares of ABX traded up C$3.52 during mid-day trading on Friday, hitting C$65.36. 2,421,717 shares of the company’s stock traded hands, compared to its average volume of 5,708,317. The business’s 50-day moving average price is C$63.75 and its 200-day moving average price is C$50.44. The firm has a market capitalization of C$109.50 billion, a P/E ratio of 22.31, a PEG ratio of 2.34 and a beta of 1.47. The company has a quick ratio of 2.62, a current ratio of 2.65 and a debt-to-equity ratio of 19.83. Barrick Gold Co. has a 1 year low of C$24.28 and a 1 year high of C$74.00.

Barrick Gold (TSE:ABX) (NYSE:ABX) last issued its quarterly earnings results on Monday, November 10th. The basic materials company reported C$0.58 earnings per share for the quarter. Barrick Gold had a return on equity of 6.90% and a net margin of 13.19%.The firm had revenue of C$3.41 billion during the quarter. As a group, sell-side analysts forecast that Barrick Gold Co. will post 2.2422764 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. ATB Capital lowered their target price on shares of Barrick Gold from C$100.00 to C$94.00 and set an “outperform” rating for the company in a research note on Monday. Canaccord Genuity Group lifted their target price on shares of Barrick Gold from C$68.00 to C$70.00 in a report on Monday, December 1st. JPMorgan Chase & Co. set a C$92.00 price target on Barrick Gold and gave the stock an “overweight” rating in a research note on Thursday, January 29th. National Bank Financial lowered their price target on Barrick Gold from C$82.50 to C$75.00 and set an “outperform” rating for the company in a research report on Tuesday. Finally, Citigroup upgraded Barrick Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, November 24th. Six equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Barrick Gold presently has an average rating of “Buy” and an average price target of C$73.50.

Barrick Gold Company Profile

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.