Poupak Bahamin Sells 17,633 Shares of Barrick Gold Co. (TSE:ABX) Stock

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) Senior Officer Poupak Bahamin sold 17,633 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of C$25.96, for a total value of C$457,781.77.

Poupak Bahamin also recently made the following trade(s):

• On Friday, November 29th, Poupak Bahamin sold 2,500 shares of Barrick Gold stock. The shares were sold at an average price of C$24.49, for a total value of C$61,215.00.

Barrick Gold Stock Performance

TSE ABX opened at C$25.67 on Friday. The company has a quick ratio of 2.62, a current ratio of 2.65 and a debt-to-equity ratio of 19.83. The stock has a fifty day simple moving average of C$23.78 and a 200 day simple moving average of C$25.28. Barrick Gold Co. has a twelve month low of C$19.37 and a twelve month high of C$29.50. The company has a market capitalization of C$31.20 billion, a price-to-earnings ratio of 19.33, a PEG ratio of 2.34 and a beta of 0.48.

Analyst Ratings Changes

ABX has been the subject of a number of research reports. Sanford C. Bernstein dropped their price target on Barrick Gold from C$37.00 to C$36.00 in a research note on Tuesday, November 5th. National Bankshares dropped their price target on Barrick Gold from C$26.00 to C$24.00 and set a “sector perform” rating for the company in a research note on Thursday, January 16th. Scotiabank cut Barrick Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 21st. Stifel Nicolaus dropped their price target on Barrick Gold from C$33.50 to C$32.00 in a research note on Monday, December 2nd. Finally, Royal Bank of Canada increased their price objective on Barrick Gold to C$19.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$30.73.

Barrick Gold Company Profile

Barrick Gold Corp is one of the world’s largest gold producers, operating mines in North America, South America, Australia, and Africa. The company segments consist of nine gold mines namely Carlin, Cortez, Turquoise Ridge, Pueblo Viejo, Loulo-Gounkoto, Kibali, Veladero, North Mara, and Bulyanhulu. It generates maximum revenue from the Carlin mine segment.