Barrick Gold (TSE:ABX) Director Robert Ananda Paul Samek Acquires 10,000 Shares

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) Director Robert Ananda Paul Samek acquired 10,000 shares of Barrick Gold stock in a transaction on Friday, June 5th. The stock was purchased at an average price of C$55.06 per share, with a total value of C$550,600.00. Following the purchase, the director owned 18,900 shares of the company’s stock, valued at C$1,040,634. The trade was a 112.36% increase in their position.

Barrick Gold Trading Up 0.3%

TSE:ABX opened at C$55.06 on Tuesday. The company has a debt-to-equity ratio of 17.29, a quick ratio of 2.62 and a current ratio of 3.06. The stock has a market capitalization of C$92.25 billion, a price-to-earnings ratio of 15.21, a PEG ratio of 2.34 and a beta of 1.50. Barrick Gold Co. has a 1 year low of C$27.15 and a 1 year high of C$74.00. The stock has a fifty day moving average price of C$57.37 and a two-hundred day moving average price of C$60.37.

Barrick Gold (TSE:ABX) (NYSE:ABX) last released its earnings results on Monday, May 11th. The basic materials company reported C$1.36 earnings per share 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%. As a group, sell-side analysts anticipate that Barrick Gold Co. will post 2.2422764 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on ABX shares. National Bank Financial lifted their target price on Barrick Gold from C$72.50 to C$75.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 12th. Canaccord Genuity Group decreased their target price on Barrick Gold from C$80.00 to C$77.00 in a research report on Wednesday, February 18th. ATB Cormark Capital Markets lowered Barrick Gold from a “moderate buy” rating to a “hold” rating and boosted their price objective for the company from C$70.00 to C$75.00 in a research report on Tuesday, April 7th. BMO Capital Markets boosted their price objective on Barrick Gold from C$55.00 to C$65.00 in a research report on Wednesday, April 22nd. Finally, Stifel Nicolaus boosted their price objective on Barrick Gold from C$65.00 to C$95.00 and gave the company a “buy” rating in a research report on Tuesday, February 10th. Five equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target 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.