Insider Selling: Barrick Gold (TSE:ABX) Insider Sells 13,588 Shares of Stock

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) insider Joel James Holliday sold 13,588 shares of the stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of C$40.38, for a total value of C$548,735.07. Following the sale, the insider owned 84,087 shares in the company, valued at C$3,395,752.59. The trade was a 13.91% decrease in their ownership of the stock.

Barrick Gold Price Performance

Shares of ABX opened at C$45.55 on Monday. The company has a market cap of C$77.71 billion, a P/E ratio of 28.65, a PEG ratio of 2.34 and a beta of 0.72. The stock has a fifty day moving average price of C$34.21 and a 200 day moving average price of C$29.68. The company has a debt-to-equity ratio of 19.83, a current ratio of 2.65 and a quick ratio of 2.62. Barrick Gold Co. has a 12 month low of C$21.73 and a 12 month high of C$45.74.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Cibc World Mkts upgraded shares of Barrick Gold from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 12th. BMO Capital Markets raised their price target on shares of Barrick Gold from C$31.00 to C$37.00 in a research note on Friday, September 12th. Finally, Cormark boosted their price objective on Barrick Gold from C$35.00 to C$45.00 in a research report on Thursday. Three analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Barrick Gold currently has a consensus rating of “Moderate Buy” and a consensus target price of C$34.89.

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.