Insider Buying: Barrick Gold (TSE:ABX) Director Acquires C$550,600.00 in Stock

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) Director Robert Ananda Paul Samek acquired 10,000 shares of the stock in a transaction on Friday, June 5th. The shares were acquired at an average price of C$55.06 per share, for a total transaction of C$550,600.00. Following the acquisition, the director owned 18,900 shares of the company’s stock, valued at approximately C$1,040,634. The trade was a 112.36% increase in their position.

Barrick Gold Stock Performance

Shares of ABX stock opened at C$51.82 on Thursday. The firm has a 50-day moving average of C$57.36 and a 200-day moving average of C$60.39. The company has a market cap of C$86.82 billion, a P/E ratio of 14.31, a P/E/G ratio of 2.34 and a beta of 1.50. 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 Co. has a one year low of C$27.35 and a one year high of C$74.00.

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

Analyst Ratings Changes

Several brokerages have recently commented on ABX. Barclays set a C$56.00 target price on shares of Barrick Gold and gave the company an “equal weight” rating in a report on Friday, May 22nd. Sanford C. Bernstein raised their price objective on shares of Barrick Gold from C$86.00 to C$91.00 in a report on Monday, April 20th. BMO Capital Markets raised their price objective 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 raised their price objective for the stock from C$70.00 to C$75.00 in a report on Tuesday, April 7th. Finally, Canaccord Genuity Group decreased their price objective on shares of Barrick Gold from C$80.00 to C$77.00 in a report on Wednesday, February 18th. Five investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target 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.