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

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

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 stock was sold at an average price of C$56.85, for a total transaction of C$537,403.05.
• 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 value of C$5,090,800.00.

Barrick Gold Price Performance

Shares of TSE ABX traded down C$2.49 during mid-day trading on Tuesday, hitting C$54.35. 1,795,471 shares of the stock traded hands, compared to its average volume of 6,001,603. The company has a market cap of C$91.06 billion, a PE ratio of 15.01, a price-to-earnings-growth ratio of 2.34 and a beta of 1.50. Barrick Gold Co. has a twelve month low of C$27.89 and a twelve month 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. The firm has a 50 day simple moving average of C$57.24 and a two-hundred day simple moving average of C$60.43.

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on ABX. BMO Capital Markets boosted their target price on shares of Barrick Gold from C$55.00 to C$65.00 in a report on Wednesday, April 22nd. Sanford C. Bernstein lifted their price target on shares of Barrick Gold from C$86.00 to C$91.00 in a report on Monday, April 20th. Barclays set a C$56.00 price objective on shares of Barrick Gold and gave the stock an “equal weight” rating in a research note on Friday, May 22nd. ATB Cormark Capital Markets lowered Barrick Gold from a “moderate buy” rating to a “hold” rating and raised their target price for the stock from C$70.00 to C$75.00 in a research report on Tuesday, April 7th. Finally, JPMorgan Chase & Co. cut their target price on Barrick Gold from C$91.00 to C$79.00 in a report on Thursday, April 23rd. Five equities research 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. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus 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.