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 that occurred 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 completion of the sale, the director directly owned 343,629 shares in the company, valued at C$19,219,169.97. This trade 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 value of C$537,403.05.
• On Thursday, May 28th, Mark Francis Hill sold 88,000 shares of Barrick Gold stock. The shares were sold at an average price of C$57.85, for a total value of C$5,090,800.00.

Barrick Gold Stock Performance

TSE:ABX opened at C$52.09 on Friday. The company has a debt-to-equity ratio of 17.29, a current ratio of 3.06 and a quick ratio of 2.62. The business has a fifty day simple moving average of C$56.80 and a two-hundred day simple moving average of C$60.34. Barrick Gold Co. has a 1 year low of C$27.89 and a 1 year high of C$74.00. The company has a market capitalization of C$87.28 billion, a P/E ratio of 14.39, a P/E/G ratio of 2.34 and a beta of 1.50.

Barrick Gold (TSE:ABX) (NYSE:ABX) last issued its earnings results on Monday, May 11th. The basic materials company reported C$1.36 earnings per share (EPS) for the quarter. The firm had revenue of C$5.81 billion for the quarter. Barrick Gold had a return on equity of 23.48% and a net margin of 32.04%. On average, analysts expect that Barrick Gold Co. will post 2.2422764 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ABX. JPMorgan Chase & Co. cut their target price on shares of Barrick Gold from C$91.00 to C$79.00 in a research report on Thursday, April 23rd. ATB Cormark Capital Markets lowered shares of Barrick Gold from a “moderate buy” rating to a “hold” rating and boosted their price target for the company from C$70.00 to C$75.00 in a research report on Tuesday, April 7th. National Bank Financial upped their price target on shares of Barrick Gold from C$72.50 to C$75.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. Sanford C. Bernstein raised their price objective on shares of Barrick Gold from C$86.00 to C$91.00 in a report on Monday, April 20th. Finally, Barclays set a C$56.00 price objective on shares of Barrick Gold and gave the company an “equal weight” rating in a research note on Friday, May 22nd. Five equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Barrick Gold presently has a consensus rating of “Buy” and an average target price of C$76.78.

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.