Barrick Gold (TSE:ABX) Stock: Insider Mark Francis Hill Sells 174,778 Shares

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) Director Mark Francis Hill sold 174,778 shares of the firm’s stock in a transaction dated Friday, September 25th. The stock was sold at an average price of C$59.47, for a total value of C$10,394,047.66. Following the sale, the director owned 125,914 shares of the company’s stock, valued at C$7,488,105.58. The trade was a 58.13% decrease in their ownership of the stock.

Barrick Gold Stock Down 1.0%

Shares of ABX traded down C$0.60 during trading hours on Wednesday, reaching C$57.87. The company’s stock had a trading volume of 3,175,209 shares, compared to its average volume of 5,335,473. The company has a 50 day moving average of C$59.16 and a two-hundred day moving average of C$56.89. The company has a quick ratio of 2.62, a current ratio of 3.01 and a debt-to-equity ratio of 17.15. The firm has a market cap of C$95.25 billion, a price-to-earnings ratio of 14.95, a P/E/G ratio of 2.34 and a beta of 1.68. Barrick Gold Co. has a 1-year low of C$42.62 and a 1-year high of C$74.00.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ABX. Canaccord Genuity Group raised their price target on shares of Barrick Gold from C$68.00 to C$73.00 and gave the company a “buy” rating in a report on Tuesday, August 25th. Royal Bank Of Canada decreased their price objective on shares of Barrick Gold from C$51.00 to C$49.00 and set an “outperform” rating for the company in a report on Thursday, July 9th. National Bank Financial increased their target price on shares of Barrick Gold from C$67.50 to C$70.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 11th. ATB Cormark Capital Markets cut their target price on Barrick Gold from C$60.00 to C$57.00 and set a “sector perform” rating on the stock in a report on Tuesday, August 11th. Finally, Barclays boosted their price target on Barrick Gold from C$55.00 to C$58.00 in a research report on Thursday, August 13th. Three equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$67.67.

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.