Barrick Gold (TSE:ABX) Director Sells C$537,403.05 in Stock

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) Director Mark Francis Hill sold 9,453 shares of the stock in a transaction that occurred 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 directly owned 334,176 shares of the company’s stock, valued at C$18,997,905.60. The trade was 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 stock was 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 Stock Performance

Barrick Gold stock traded down C$2.49 during mid-day trading on Tuesday, reaching C$54.35. 1,795,471 shares of the company traded hands, compared to its average volume of 6,001,603. The firm’s fifty day moving average is C$57.24 and its two-hundred day moving average is C$60.43. The company has a market capitalization of C$91.06 billion, a price-to-earnings ratio of 15.01, a price-to-earnings-growth ratio of 2.34 and a beta of 1.50. Barrick Gold Co. has a fifty-two week low of C$27.89 and a fifty-two week high of C$74.00. The company has a debt-to-equity ratio of 17.29, a current ratio of 3.06 and a quick ratio of 2.62.

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

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. ATB Cormark Capital Markets lowered Barrick Gold from a “moderate buy” rating to a “hold” rating and upped their target price for the company from C$70.00 to C$75.00 in a research report on Tuesday, April 7th. Barclays set a C$56.00 price objective on shares of Barrick Gold and gave the company an “equal weight” rating in a research note on Friday, May 22nd. JPMorgan Chase & Co. cut their price objective on shares of Barrick Gold from C$91.00 to C$79.00 in a research note on Thursday, April 23rd. Sanford C. Bernstein raised their target price on shares of Barrick Gold from C$86.00 to C$91.00 in a report on Monday, April 20th. Finally, National Bank Financial boosted their target price on shares of Barrick Gold from C$72.50 to C$75.00 and gave the company an “outperform” rating in a research report on Tuesday, May 12th. Five investment 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 stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target 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.