Barrick Gold Co. (TSE:ABX) Senior Officer Poupak Bahamin Buys 5,778 Shares

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) Senior Officer Poupak Bahamin purchased 5,778 shares of Barrick Gold stock in a transaction dated Thursday, November 21st. The stock was bought at an average cost of C$25.03 per share, with a total value of C$144,645.87.

Barrick Gold Stock Performance

Barrick Gold stock opened at C$24.65 on Thursday. The company has a debt-to-equity ratio of 14.54, a current ratio of 3.01 and a quick ratio of 2.62. The company has a market cap of C$43.14 billion, a P/E ratio of 20.71, a price-to-earnings-growth ratio of 2.34 and a beta of 0.48. Barrick Gold Co. has a fifty-two week low of C$18.65 and a fifty-two week high of C$29.50. The firm’s 50 day simple moving average is C$26.64 and its 200-day simple moving average is C$25.18.

Barrick Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a $0.135 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.19%. Barrick Gold’s payout ratio is currently 45.38%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ABX. Sanford C. Bernstein dropped their target price on Barrick Gold from C$37.00 to C$36.00 in a report on Tuesday, November 5th. UBS Group cut Barrick Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 30th. TD Securities reiterated a “buy” rating and issued a C$34.00 price target on shares of Barrick Gold in a research report on Wednesday, October 16th. Cibc World Mkts cut shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday. Finally, Stifel Nicolaus increased their target price on shares of Barrick Gold from C$28.50 to C$33.50 in a research note on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$31.14.

About Barrick Gold

Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties in Canada and internationally. The company also explores and sells silver and energy materials. It has ownership interests in producing gold mines located in Argentina, Canada, Côte d’Ivoire, the Democratic Republic of Congo, the Dominican Republic, Mali, Tanzania, and the United States.