Mark Francis Hill Sells 88,000 Shares of Barrick Gold (TSE:ABX) Stock

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) Director Mark Francis Hill sold 88,000 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of C$57.85, for a total transaction of C$5,090,800.00. Following the transaction, the director owned 380,598 shares in the company, valued at approximately C$22,017,594.30. This represents a 18.78% decrease in their ownership of the stock.

Barrick Gold Stock Up 2.1%

TSE:ABX traded up C$1.18 during trading hours on Friday, reaching C$58.73. The company’s stock had a trading volume of 1,233,531 shares, compared to its average volume of 5,935,706. The company has a market cap of C$98.40 billion, a price-to-earnings ratio of 16.22, a price-to-earnings-growth ratio of 2.34 and a beta of 1.62. Barrick Gold Co. has a one year low of C$25.94 and a one year high of C$74.00. The business’s 50-day moving average is C$56.65 and its 200-day moving average is C$60.05. The company has a debt-to-equity ratio of 17.29, a current ratio of 3.06 and a quick ratio of 2.62.

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

Analyst Upgrades and Downgrades

ABX has been the subject of several recent research reports. BMO Capital Markets increased their price target on shares of Barrick Gold from C$55.00 to C$65.00 in a research report on Wednesday, April 22nd. Barclays set a C$56.00 price objective on shares of Barrick Gold and gave the stock an “equal weight” rating in a report on Friday, May 22nd. Canaccord Genuity Group dropped their price objective on shares of Barrick Gold from C$80.00 to C$77.00 in a report on Wednesday, February 18th. National Bank Financial raised their price objective on shares of Barrick Gold from C$72.50 to C$75.00 and gave the stock an “outperform” rating in a report on Tuesday, May 12th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Barrick Gold from C$91.00 to C$79.00 in a report on Thursday, April 23rd. Five analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average 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.