Sarah Anna Ball Teslik Acquires 12,613 Shares of Barrick Gold (TSE:ABX) Stock

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) insider Sarah Anna Ball Teslik purchased 12,613 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was acquired at an average cost of C$67.27 per share, for a total transaction of C$848,476.51. Following the completion of the acquisition, the insider owned 12,613 shares in the company, valued at C$848,476.51. This represents a ∞ increase in their position.

Barrick Gold Trading Down 3.6%

Shares of ABX opened at C$65.17 on Thursday. The company has a debt-to-equity ratio of 17.15, a current ratio of 3.01 and a quick ratio of 2.62. Barrick Gold Co. has a 1 year low of C$35.97 and a 1 year high of C$74.00. The company has a 50 day simple moving average of C$55.05 and a two-hundred day simple moving average of C$57.59. The firm has a market cap of C$109.19 billion, a P/E 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 released its quarterly earnings data on Monday, August 10th. The basic materials company reported C$1.17 earnings per share (EPS) for the quarter. Barrick Gold had a net margin of 31.60% and a return on equity of 24.57%. The firm had revenue of C$6.06 billion for the quarter. On average, equities analysts expect that Barrick Gold Co. will post 2.2422764 earnings per share for the current fiscal year.

Analyst Ratings Changes

ABX has been the topic of several research analyst reports. Canaccord Genuity Group boosted their price target on shares of Barrick Gold from C$68.00 to C$73.00 and gave the stock a “buy” rating in a research note on Tuesday. Citigroup reduced their target price on Barrick Gold from C$48.00 to C$41.00 and set a “neutral” rating on the stock in a report on Monday, July 27th. Raymond James Financial decreased their target price on Barrick Gold from C$58.00 to C$56.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 11th. Barclays increased their price target on Barrick Gold from C$55.00 to C$58.00 in a research note on Thursday, August 13th. Finally, Royal Bank Of Canada cut their price target on 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. Three research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average 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.