Mark Francis Hill Sells 9,453 Shares of Barrick Gold (TSE:ABX) Stock

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) Director Mark Francis Hill sold 9,453 shares of the business’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of C$56.85, for a total transaction of C$537,403.05. Following the completion of the transaction, the director owned 334,176 shares of the company’s stock, valued at approximately C$18,997,905.60. This represents a 2.75% decrease in their ownership of the stock.

Mark Francis Hill also recently made the following trade(s):

• On Friday, June 19th, Mark Francis Hill sold 36,969 shares of Barrick Gold stock. The shares were sold at an average price of C$55.93, for a total transaction of C$2,067,676.17.
• On Thursday, May 28th, Mark Francis Hill sold 88,000 shares of Barrick Gold stock. The shares were sold at an average price of C$57.85, for a total transaction of C$5,090,800.00.

Barrick Gold Trading Down 4.4%

Barrick Gold stock traded down C$2.49 during midday trading on Tuesday, hitting C$54.35. 1,795,471 shares of the stock were exchanged, compared to its average volume of 6,001,603. The stock’s 50-day simple moving average is C$57.24 and its 200 day simple moving average is C$60.43. The stock has a market capitalization of C$91.06 billion, a price-to-earnings ratio of 15.01, a PEG ratio of 2.34 and a beta of 1.50. 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 fifty-two week low of C$27.89 and a fifty-two week high of C$74.00.

Barrick Gold (TSE:ABX) (NYSE:ABX) last released its quarterly earnings data on Monday, May 11th. The basic materials company reported C$1.36 EPS for the quarter. Barrick Gold had a return on equity of 23.48% and a net margin of 32.04%.The firm had revenue of C$5.81 billion for the quarter. On average, equities analysts anticipate that Barrick Gold Co. will post 2.2422764 EPS for the current year.

Analysts Set New Price Targets

ABX has been the subject of a number of research reports. Barclays set a C$56.00 price objective on Barrick Gold and gave the company an “equal weight” rating in a research note on Friday, May 22nd. JPMorgan Chase & Co. cut their price target on shares of Barrick Gold from C$91.00 to C$79.00 in a research note on Thursday, April 23rd. ATB Cormark Capital Markets cut shares of Barrick Gold from a “moderate buy” rating to a “hold” rating and increased their price target for the stock from C$70.00 to C$75.00 in a research report on Tuesday, April 7th. BMO Capital Markets lifted their price objective on shares of Barrick Gold from C$55.00 to C$65.00 in a report on Wednesday, April 22nd. Finally, National Bank Financial upped their target price on shares of Barrick Gold from C$72.50 to C$75.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 12th. Five research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Barrick Gold currently has an average rating of “Buy” and a consensus target price of C$76.78.

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.