Barrick Gold Co. (TSE:ABX) Director Dennis Mark Bristow Acquires 230,872 Shares

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) Director Dennis Mark Bristow acquired 230,872 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was purchased at an average cost of C$25.71 per share, with a total value of C$5,936,042.34.

Barrick Gold Price Performance

TSE:ABX traded up C$0.56 during mid-day trading on Wednesday, hitting C$26.43. 1,396,106 shares of the company’s stock traded hands, compared to its average volume of 3,176,107. The company has a debt-to-equity ratio of 19.83, a quick ratio of 2.62 and a current ratio of 2.65. The firm’s 50 day simple moving average is C$23.62 and its 200 day simple moving average is C$25.27. Barrick Gold Co. has a 1 year low of C$19.37 and a 1 year high of C$29.50. The company has a market cap of C$32.12 billion, a PE ratio of 19.90, a price-to-earnings-growth ratio of 2.34 and a beta of 0.48.

Analyst Upgrades and Downgrades

ABX has been the topic of a number of recent research reports. Scotiabank lowered shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st. Royal Bank of Canada boosted their target price on shares of Barrick Gold to C$19.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Canaccord Genuity Group decreased their target price on shares of Barrick Gold from C$33.50 to C$30.00 in a report on Wednesday, January 15th. Cibc World Mkts lowered shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. Finally, Stifel Nicolaus decreased their price objective on shares of Barrick Gold from C$33.50 to C$32.00 in a report on Monday, December 2nd. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Barrick Gold presently has a consensus rating of “Moderate Buy” and a consensus target price of C$30.73.

About Barrick Gold

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.