Insider Selling: Barrick Gold (TSE:ABX) Director Sells C$537,403.05 in Stock

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) Director Mark Francis Hill sold 9,453 shares of the firm’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of C$56.85, for a total value of C$537,403.05. Following the sale, the director directly owned 334,176 shares of the company’s stock, valued at C$18,997,905.60. This represents a 2.75% decrease in their ownership of the stock.

Mark Francis Hill also recently made the following trade(s):

• On Friday, June 19th, Mark Francis Hill sold 36,969 shares of Barrick Gold stock. The shares were sold at an average price of C$55.93, for a total value of C$2,067,676.17.
• On Thursday, May 28th, Mark Francis Hill sold 88,000 shares of Barrick Gold stock. The stock was 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 ABX stock opened at C$52.09 on Friday. The stock’s fifty day moving average is C$56.80 and its 200-day moving average is C$60.34. The company has a debt-to-equity ratio of 17.29, a quick ratio of 2.62 and a current ratio of 3.06. The stock has a market capitalization of C$87.28 billion, a PE ratio of 14.39, a PEG ratio of 2.34 and a beta of 1.50. Barrick Gold Co. has a 52 week low of C$27.89 and a 52 week high of C$74.00.

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on ABX shares. National Bank Financial boosted their target price on shares of Barrick Gold from C$72.50 to C$75.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 12th. Sanford C. Bernstein increased their price target on shares of Barrick Gold from C$86.00 to C$91.00 in a research note on Monday, April 20th. BMO Capital Markets raised their price target on shares of Barrick Gold from C$55.00 to C$65.00 in a report on Wednesday, April 22nd. Barclays set a C$56.00 price objective on shares of Barrick Gold and gave the stock an “equal weight” rating in a research report on Friday, May 22nd. Finally, ATB Cormark Capital Markets downgraded Barrick Gold from a “moderate buy” rating to a “hold” rating and upped their price objective for the stock from C$70.00 to C$75.00 in a report on Tuesday, April 7th. 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 stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target 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.