Insider Selling: Barrick Gold (TSE:ABX) Director Sells C$2,067,676.17 in Stock

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) Director Mark Francis Hill sold 36,969 shares of Barrick Gold stock in a transaction on Friday, June 19th. The stock was sold at an average price of C$55.93, for a total transaction of C$2,067,676.17. Following the transaction, the director directly owned 343,629 shares of the company’s stock, valued at C$19,219,169.97. This represents a 9.71% decrease in their position.

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

• On Monday, June 22nd, Mark Francis Hill sold 9,453 shares of Barrick Gold stock. The shares were sold at an average price of C$56.85, for a total transaction of C$537,403.05.
• 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 Trading Down 4.4%

Shares of ABX stock traded down C$2.49 during mid-day trading on Tuesday, hitting C$54.35. The company’s stock had a trading volume of 1,795,471 shares, compared to its average volume of 6,001,603. The company’s fifty day simple moving average is C$57.24 and its 200-day simple moving average is C$60.43. Barrick Gold Co. has a 52 week low of C$27.89 and a 52 week high of C$74.00. 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 company has a market cap of C$91.06 billion, a PE ratio of 15.01, a P/E/G ratio of 2.34 and a beta of 1.50.

Barrick Gold (TSE:ABX) (NYSE:ABX) last announced its earnings results on Monday, May 11th. The basic materials company reported C$1.36 EPS 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 for the quarter. As a group, equities research analysts expect that Barrick Gold Co. will post 2.2422764 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on ABX shares. 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. JPMorgan Chase & Co. reduced their price target on shares of Barrick Gold from C$91.00 to C$79.00 in a report on Thursday, April 23rd. BMO Capital Markets upped their price objective on shares of Barrick Gold from C$55.00 to C$65.00 in a report on Wednesday, April 22nd. ATB Cormark Capital Markets downgraded Barrick Gold from a “moderate buy” rating to a “hold” rating and raised their target price for the company from C$70.00 to C$75.00 in a research note on Tuesday, April 7th. Finally, National Bank Financial upped their price target on 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. Five investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus 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.