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

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

Barrick Gold Stock Up 2.1%

Shares of Barrick Gold stock traded up C$1.18 during trading hours on Friday, hitting C$58.73. 1,233,531 shares of the company’s stock traded hands, compared to its average volume of 5,935,706. The stock has a 50 day simple moving average of C$56.65 and a 200-day simple moving average of C$60.05. The company has a quick ratio of 2.62, a current ratio of 3.06 and a debt-to-equity ratio of 17.29. The company has a market cap of C$98.40 billion, a PE ratio of 16.22, a PEG ratio of 2.34 and a beta of 1.62. Barrick Gold Co. has a twelve month low of C$25.94 and a twelve month high of C$74.00.

Barrick Gold (TSE:ABXGet Free Report) (NYSE:ABX) last announced 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 return on equity of 23.48% and a net margin of 32.04%.The firm had revenue of C$5.81 billion for the quarter. Equities research analysts anticipate that Barrick Gold Co. will post 2.2422764 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ABX. Sanford C. Bernstein lifted their price target on Barrick Gold from C$86.00 to C$91.00 in a report on Monday, April 20th. JPMorgan Chase & Co. cut their target price on Barrick Gold from C$91.00 to C$79.00 in a research report on Thursday, April 23rd. BMO Capital Markets upped their target price on Barrick Gold from C$55.00 to C$65.00 in a research report on Wednesday, April 22nd. Canaccord Genuity Group cut their target price on Barrick Gold from C$80.00 to C$77.00 in a research report on Wednesday, February 18th. Finally, Barclays set a C$56.00 target price on Barrick Gold and gave the stock an “equal weight” rating in a research report on Friday, May 22nd. Five analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of C$76.78.

Read Our Latest Analysis on Barrick Gold

Barrick Gold Company Profile

(Get Free Report)

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.

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