Barrick Gold (TSE:ABX) Insider Darian Kevin Rich Sells 75,452 Shares of Stock

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) insider Darian Kevin Rich sold 75,452 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of C$67.99, for a total value of C$5,129,981.48. Following the sale, the insider owned 235,252 shares in the company, valued at approximately C$15,994,783.48. This represents a 24.28% decrease in their ownership of the stock.

Barrick Gold Stock Performance

Shares of TSE ABX opened at C$67.58 on Wednesday. The firm has a market capitalization of C$113.23 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 2.34 and a beta of 1.60. Barrick Gold Co. has a one year low of C$35.97 and a one year high of C$74.00. The business has a fifty day simple moving average of C$54.92 and a 200 day simple moving average of C$57.55. The company has a current ratio of 3.01, a quick ratio of 2.62 and a debt-to-equity ratio of 17.15.

Barrick Gold (TSE:ABX) (NYSE:ABX) last posted its quarterly earnings results on Monday, August 10th. The basic materials company reported C$1.17 earnings per share 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. Sell-side analysts expect that Barrick Gold Co. will post 2.2422764 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on ABX shares. Citigroup lowered their target price on shares of Barrick Gold from C$48.00 to C$41.00 and set a “neutral” rating on the stock in a research note on Monday, July 27th. ATB Cormark Capital Markets decreased their price objective on Barrick Gold from C$60.00 to C$57.00 and set a “sector perform” rating on the stock in a report on Tuesday, August 11th. National Bank Financial upped their price objective on Barrick Gold from C$67.50 to C$70.00 and gave the company an “outperform” rating in a research note on Tuesday, August 11th. Canaccord Genuity Group increased their target price on Barrick Gold from C$68.00 to C$73.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Raymond James Financial cut their target price on Barrick Gold from C$58.00 to C$56.00 and set an “outperform” rating for the company in a research report on Tuesday, August 11th. Three equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average 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.