Barrick Gold (TSE:ABX) Director Mark Francis Hill Sells 88,000 Shares of Stock

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) Director Mark Francis Hill sold 88,000 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of C$57.85, for a total transaction of C$5,090,800.00. Following the completion of the sale, the director directly owned 380,598 shares of the company’s stock, valued at C$22,017,594.30. This represents a 18.78% decrease in their position.

Barrick Gold Stock Performance

TSE ABX opened at C$58.90 on Friday. The company has a quick ratio of 2.62, a current ratio of 3.06 and a debt-to-equity ratio of 17.29. The company has a market capitalization of C$98.69 billion, a P/E ratio of 16.27, a P/E/G ratio of 2.34 and a beta of 1.62. Barrick Gold Co. has a 12-month low of C$25.94 and a 12-month high of C$74.00. The firm has a 50-day moving average price of C$56.72 and a two-hundred day moving average price of C$60.04.

Barrick Gold (TSE:ABX) (NYSE:ABX) last issued its quarterly earnings results on Monday, May 11th. The basic materials company reported C$1.36 earnings per share for the quarter. Barrick Gold had a net margin of 32.04% and a return on equity of 23.48%. The company had revenue of C$5.81 billion during the quarter. Analysts anticipate that Barrick Gold Co. will post 2.2422764 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Stifel Nicolaus upped their price target on shares of Barrick Gold from C$65.00 to C$95.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. BMO Capital Markets upped their price target on shares of Barrick Gold from C$55.00 to C$65.00 in a report on Wednesday, April 22nd. ATB Cormark Capital Markets downgraded shares of Barrick Gold from a “moderate buy” rating to a “hold” rating and upped their price target for the stock from C$70.00 to C$75.00 in a report on Tuesday, April 7th. Sanford C. Bernstein upped their price target on shares of Barrick Gold from C$86.00 to C$91.00 in a report on Monday, April 20th. Finally, JPMorgan Chase & Co. cut their price target on shares of Barrick Gold from C$91.00 to C$79.00 in a report on Thursday, April 23rd. Five research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$76.78.

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.