Darian Kevin Rich Sells 75,452 Shares of Barrick Gold (TSE:ABX) Stock

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) insider Darian Kevin Rich sold 75,452 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of C$67.99, for a total value of C$5,129,981.48. Following the sale, the insider owned 235,252 shares in the company, valued at C$15,994,783.48. The trade was a 24.28% decrease in their position.

Barrick Gold Stock Performance

Shares of TSE:ABX opened at C$65.17 on Thursday. The business has a fifty day moving average of C$55.05 and a 200-day moving average of C$57.59. The company has a debt-to-equity ratio of 17.15, a quick ratio of 2.62 and a current ratio of 3.01. Barrick Gold Co. has a twelve month low of C$35.97 and a twelve month high of C$74.00. The firm has a market cap of C$109.19 billion, a PE ratio of 16.84, a price-to-earnings-growth ratio of 2.34 and a beta of 1.60.

Barrick Gold (TSE:ABX) (NYSE:ABX) last issued its quarterly earnings data on Monday, August 10th. The basic materials company reported C$1.17 EPS for the quarter. The firm had revenue of C$6.06 billion for the quarter. Barrick Gold had a net margin of 31.60% and a return on equity of 24.57%. On average, equities research analysts predict that Barrick Gold Co. will post 2.2422764 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on ABX shares. National Bank Financial upped their price objective on Barrick Gold from C$67.50 to C$70.00 and gave the stock an “outperform” rating in a report on Tuesday, August 11th. Royal Bank Of Canada lowered their target price on Barrick Gold from C$51.00 to C$49.00 and set an “outperform” rating for the company in a research note on Thursday, July 9th. Citigroup dropped their target price on Barrick Gold from C$48.00 to C$41.00 and set a “neutral” rating for the company in a research report on Monday, July 27th. Barclays upped their price target on Barrick Gold from C$55.00 to C$58.00 in a research note on Thursday, August 13th. Finally, Canaccord Genuity Group raised their price target on Barrick Gold from C$68.00 to C$73.00 and gave the company a “buy” rating in a report on Tuesday. Three investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$67.67.

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.