Barrick Gold (TSE:ABX) Director Robert Ananda Paul Samek Acquires 10,000 Shares

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

Barrick Gold Stock Performance

ABX traded up C$0.15 during trading on Monday, hitting C$55.06. The company’s stock had a trading volume of 4,297,443 shares, compared to its average volume of 6,047,943. The company has a quick ratio of 2.62, a current ratio of 3.06 and a debt-to-equity ratio of 17.29. Barrick Gold Co. has a one year low of C$27.15 and a one year high of C$74.00. The firm has a market cap of C$92.25 billion, a PE ratio of 15.21, a P/E/G ratio of 2.34 and a beta of 1.50. The business’s 50 day simple moving average is C$57.37 and its 200-day simple moving average is C$60.37.

Barrick Gold (TSE:ABX) (NYSE:ABX) last released its quarterly earnings results on Monday, May 11th. The basic materials company reported C$1.36 earnings per share for the quarter. Barrick Gold had a net margin of 32.04% and a return on equity of 23.48%. The business had revenue of C$5.81 billion for the quarter. As a group, sell-side analysts predict that Barrick Gold Co. will post 2.2422764 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Stifel Nicolaus increased their price target on shares of Barrick Gold from C$65.00 to C$95.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. JPMorgan Chase & Co. decreased their price target on shares of Barrick Gold from C$91.00 to C$79.00 in a research report on Thursday, April 23rd. Canaccord Genuity Group decreased their price target on shares of Barrick Gold from C$80.00 to C$77.00 in a research report on Wednesday, February 18th. BMO Capital Markets raised their price objective on shares of Barrick Gold from C$55.00 to C$65.00 in a research report on Wednesday, April 22nd. Finally, National Bank Financial raised their price objective on shares of Barrick Gold from C$72.50 to C$75.00 and gave the company an “outperform” rating in a research report on Tuesday, May 12th. Five equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average 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.