Barrick Gold (TSE:ABX – Get Free Report) (NYSE:ABX) released its earnings results on Monday. The basic materials company reported C$1.17 earnings per share for the quarter, reports. The firm had revenue of C$6.06 billion during the quarter. Barrick Gold had a return on equity of 23.58% and a net margin of 32.14%.
Barrick Gold Trading Down 6.4%
TSE ABX opened at C$57.03 on Tuesday. The firm’s fifty day simple moving average is C$53.95 and its 200-day simple moving average is C$58.07. The company has a current ratio of 3.06, a quick ratio of 2.62 and a debt-to-equity ratio of 17.29. Barrick Gold has a 1-year low of C$30.53 and a 1-year high of C$74.00. The company has a market capitalization of C$95.55 billion, a PE ratio of 15.75, a price-to-earnings-growth ratio of 2.34 and a beta of 1.60.
Analyst Ratings Changes
ABX has been the subject of several research analyst reports. Citigroup cut their price objective on Barrick Gold from C$48.00 to C$41.00 and set a “neutral” rating for the company in a report on Monday, July 27th. Barclays dropped their price target on shares of Barrick Gold from C$56.00 to C$55.00 in a research report on Thursday, July 16th. Sanford C. Bernstein lifted their price objective on shares of Barrick Gold from C$86.00 to C$91.00 in a research note on Monday, April 20th. National Bank Financial dropped their price target on Barrick Gold from C$75.00 to C$67.50 and set an “outperform” rating on the stock in a report on Tuesday, July 14th. Finally, JPMorgan Chase & Co. reduced their price objective on Barrick Gold from C$91.00 to C$79.00 in a research note on Thursday, April 23rd. Four analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Barrick Gold has a consensus rating of “Buy” and a consensus target price of C$70.23.
Insider Buying and Selling
In other Barrick Gold news, Director Robert Ananda Paul Samek purchased 10,000 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were acquired at an average price of C$55.06 per share, for a total transaction of C$550,600.00. Following the acquisition, the director owned 18,900 shares of the company’s stock, valued at C$1,040,634. This trade represents a 112.36% increase in their ownership of the stock. Also, Director Mark Francis Hill sold 88,000 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of C$57.85, for a total value of C$5,090,800.00. Following the completion of the sale, the director directly owned 380,598 shares of the company’s stock, valued at C$22,017,594.30. This represents a 18.78% decrease in their position. Insiders sold 134,422 shares of company stock worth $7,695,879 in the last 90 days. 0.60% of the stock is currently 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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