Poupak Bahamin Sells 2,500 Shares of Barrick Gold Co. (TSE:ABX) Stock

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) Senior Officer Poupak Bahamin sold 2,500 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of C$24.49, for a total transaction of C$61,215.00.

Poupak Bahamin also recently made the following trade(s):

• On Thursday, November 21st, Poupak Bahamin purchased 5,778 shares of Barrick Gold stock. The shares were purchased at an average cost of C$25.03 per share, with a total value of C$144,645.87.

Barrick Gold Stock Down 0.2 %

Shares of TSE ABX opened at C$24.52 on Friday. Barrick Gold Co. has a 1 year low of C$18.65 and a 1 year high of C$29.50. The firm’s 50-day moving average is C$26.51 and its 200-day moving average is C$25.20. The company has a current ratio of 3.01, a quick ratio of 2.62 and a debt-to-equity ratio of 14.54. The firm has a market capitalization of C$42.91 billion, a PE ratio of 20.61, a price-to-earnings-growth ratio of 2.34 and a beta of 0.48.

Barrick Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend is Friday, November 29th. Barrick Gold’s dividend payout ratio is presently 45.38%.

Analyst Ratings Changes

Several analysts have recently weighed in on ABX shares. Argus raised shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 29th. Sanford C. Bernstein dropped their price target on Barrick Gold from C$37.00 to C$36.00 in a report on Tuesday, November 5th. Cibc World Mkts downgraded Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th. UBS Group cut Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th. Finally, Stifel Nicolaus lifted their price target on Barrick Gold from C$28.50 to C$33.50 in a report on Monday, October 21st. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Barrick Gold currently has an average rating of “Moderate Buy” and an average price target of C$31.14.

About Barrick Gold

Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties in Canada and internationally. The company also explores and sells silver and energy materials. It has ownership interests in producing gold mines located in Argentina, Canada, Côte d’Ivoire, the Democratic Republic of Congo, the Dominican Republic, Mali, Tanzania, and the United States.