Barrick Gold (TSE:ABX) Director Buys C$811,084.00 in Stock

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) Director Pekka Juhani Vauramo purchased 12,400 shares of the company’s stock in a transaction on Thursday, February 12th. The stock was acquired at an average cost of C$65.41 per share, for a total transaction of C$811,084.00. Following the completion of the purchase, the director owned 12,400 shares of the company’s stock, valued at approximately C$811,084. This trade represents a ∞ increase in their position.

Barrick Gold Stock Up 5.7%

TSE:ABX traded up C$3.52 during trading hours on Friday, reaching C$65.36. The company had a trading volume of 2,421,717 shares, compared to its average volume of 5,708,317. The business’s 50-day simple moving average is C$63.75 and its two-hundred day simple moving average is C$50.44. Barrick Gold Co. has a twelve month low of C$24.28 and a twelve month high of C$74.00. The firm has a market cap of C$109.50 billion, a price-to-earnings ratio of 22.31, a P/E/G 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 (TSE:ABX) (NYSE:ABX) last issued its earnings results on Monday, November 10th. The basic materials company reported C$0.58 EPS for the quarter. Barrick Gold had a return on equity of 6.90% and a net margin of 13.19%.The company had revenue of C$3.41 billion during the quarter. On average, equities analysts expect that Barrick Gold Co. will post 2.2422764 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ABX has been the subject of several recent research reports. ATB Capital decreased their price objective on Barrick Gold from C$100.00 to C$94.00 and set an “outperform” rating for the company in a report on Monday. Canaccord Genuity Group boosted their price target on shares of Barrick Gold from C$68.00 to C$70.00 in a research note on Monday, December 1st. National Bank Financial dropped their price objective on shares of Barrick Gold from C$82.50 to C$75.00 and set an “outperform” rating on the stock in a research note on Tuesday. Stifel Nicolaus lifted their price objective on shares of Barrick Gold from C$65.00 to C$95.00 and gave the company a “buy” rating in a report on Tuesday. Finally, DZ Bank raised shares of Barrick Gold to a “strong-buy” rating in a research report on Monday, January 19th. Six 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$73.50.

About Barrick Gold

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.