Barrick Gold (TSE:ABX) Director Mark Francis Hill Sells 36,969 Shares

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) Director Mark Francis Hill sold 36,969 shares of the firm’s stock in a transaction dated Friday, June 19th. The stock was sold at an average price of C$55.93, for a total value of C$2,067,676.17. Following the sale, the director directly owned 343,629 shares in the company, valued at approximately C$19,219,169.97. This trade represents a 9.71% decrease in their ownership of the stock.

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

• On Monday, June 22nd, Mark Francis Hill sold 9,453 shares of Barrick Gold stock. The shares were sold at an average price of C$56.85, for a total value of C$537,403.05.
• On Thursday, May 28th, Mark Francis Hill sold 88,000 shares of Barrick Gold stock. The stock was sold at an average price of C$57.85, for a total value of C$5,090,800.00.

Barrick Gold Trading Down 4.6%

Barrick Gold stock opened at C$54.21 on Wednesday. The firm has a market cap of C$90.83 billion, a PE ratio of 14.98, a P/E/G ratio of 2.34 and a beta of 1.50. Barrick Gold Co. has a 12 month low of C$27.89 and a 12 month high of C$74.00. The stock’s 50 day simple moving average is C$57.12 and its two-hundred day simple moving average is C$60.41. 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 (TSE:ABX) (NYSE:ABX) last posted its 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 firm 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.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. National Bank Financial upped their price objective on shares of Barrick Gold from C$72.50 to C$75.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 12th. Sanford C. Bernstein raised their target price on Barrick Gold from C$86.00 to C$91.00 in a research report on Monday, April 20th. Barclays set a C$56.00 price target on Barrick Gold and gave the company an “equal weight” rating in a research note on Friday, May 22nd. ATB Cormark Capital Markets cut 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. Finally, BMO Capital Markets increased their price target on Barrick Gold from C$55.00 to C$65.00 in a research report on Wednesday, April 22nd. Five analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Barrick Gold presently has a consensus rating of “Buy” and an average 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.