Barrick Gold Co. (TSE:ABX – Get Free Report) (NYSE:ABX) insider Poupak Bahamin sold 8,402 shares of the company’s stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of C$41.21, for a total value of C$346,269.11. Following the completion of the sale, the insider owned 29,400 shares in the company, valued at approximately C$1,211,653.38. This represents a 22.23% decrease in their ownership of the stock.
Barrick Gold Price Performance
Barrick Gold stock opened at C$45.55 on Monday. The business has a 50 day simple moving average of C$34.21 and a 200 day simple moving average of C$29.68. Barrick Gold Co. has a one year low of C$21.73 and a one year high of C$45.74. The company has a market capitalization of C$77.71 billion, a PE ratio of 28.65, a price-to-earnings-growth ratio of 2.34 and a beta of 0.72. The company has a debt-to-equity ratio of 19.83, a current ratio of 2.65 and a quick ratio of 2.62.
Analysts Set New Price Targets
A number of brokerages recently issued reports on ABX. Cormark increased their target price on shares of Barrick Gold from C$35.00 to C$45.00 in a research report on Thursday. Cibc World Mkts raised shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 12th. Finally, BMO Capital Markets boosted their target price on Barrick Gold from C$31.00 to C$37.00 in a report on Friday, September 12th. Three equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$34.89.
About Barrick Gold
Barrick Gold Corp is one of the world’s largest gold producers, operating mines in North America, South America, Australia, and Africa. The company segments consist of nine gold mines namely Carlin, Cortez, Turquoise Ridge, Pueblo Viejo, Loulo-Gounkoto, Kibali, Veladero, North Mara, and Bulyanhulu. It generates maximum revenue from the Carlin mine segment.
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