Barrick Gold (TSE:ABX – Free Report) (NYSE:ABX) had its price objective decreased by Barclays from C$56.00 to C$55.00 in a research report sent to investors on Thursday morning,BayStreet.CA reports.
Several other research analysts have also recently issued reports on ABX. BMO Capital Markets upped their price target on Barrick Gold from C$55.00 to C$65.00 in a report on Wednesday, April 22nd. Royal Bank Of Canada reduced their price objective on Barrick Gold from C$51.00 to C$49.00 and set an “outperform” rating for the company in a research note on Thursday, July 9th. ATB Cormark Capital Markets cut Barrick Gold from a “moderate buy” rating to a “hold” rating and lifted their target price for the stock from C$70.00 to C$75.00 in a report on Tuesday, April 7th. Sanford C. Bernstein boosted their target price on Barrick Gold from C$86.00 to C$91.00 in a research report on Monday, April 20th. Finally, 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. Five research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$73.15.
Check Out Our Latest Report on Barrick Gold
Barrick Gold Price Performance
Barrick Gold (TSE:ABX – Get Free Report) (NYSE:ABX) last posted its quarterly earnings data on Monday, May 11th. The basic materials company reported C$1.36 earnings per share for the quarter. The company had revenue of C$5.81 billion during the quarter. Barrick Gold had a net margin of 32.14% and a return on equity of 23.58%. As a group, sell-side analysts anticipate that Barrick Gold will post 2.2422764 EPS for the current fiscal year.
Insider Transactions at Barrick Gold
In related news, Director Robert Ananda Paul Samek bought 10,000 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was bought at an average price of C$55.06 per share, with a total value of C$550,600.00. Following the purchase, the director directly owned 18,900 shares of the company’s stock, valued at approximately C$1,040,634. This represents a 112.36% increase in their position. Also, Director Mark Francis Hill sold 88,000 shares of Barrick Gold 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 sale, the director directly owned 380,598 shares of the company’s stock, valued at C$22,017,594.30. This trade represents a 18.78% decrease in their position. Insiders sold a total of 134,422 shares of company stock worth $7,695,879 in the last quarter. 0.60% of the stock is owned by corporate insiders.
Barrick Gold Company Profile
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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