Insider Buying: Barrick Gold (TSE:ABX) Insider Purchases C$848,476.51 in Stock

Barrick Gold Co. (TSE:ABX – Get Free Report) (NYSE:ABX) insider Sarah Anna Ball Teslik acquired 12,613 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was acquired at an average cost of C$67.27 per share, for a total transaction of C$848,476.51. Following the completion of the transaction, the insider directly owned 12,613 shares in the company, valued at C$848,476.51. This represents a ∞ increase in their position.

Barrick Gold Stock Performance

Shares of ABX opened at C$65.59 on Friday. The business’s fifty day simple moving average is C$55.22 and its two-hundred day simple moving average is C$57.61. The company has a current ratio of 3.01, a quick ratio of 2.62 and a debt-to-equity ratio of 17.15. Barrick Gold Co. has a 12 month low of C$35.97 and a 12 month high of C$74.00. The company has a market cap of C$109.90 billion, a price-to-earnings ratio of 16.95, a P/E/G ratio of 2.34 and a beta of 1.60.

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Barrick Gold (TSE:ABX – Get Free Report) (NYSE:ABX) last posted its quarterly earnings results on Monday, August 10th. The basic materials company reported C$1.17 earnings per share for the quarter. The firm had revenue of C$6.06 billion during the quarter. Barrick Gold had a return on equity of 24.57% and a net margin of 31.60%. Research analysts anticipate that Barrick Gold Co. will post 2.2422764 earnings per share for the current fiscal year.

Analyst Ratings Changes

ABX has been the topic of several research analyst reports. Canaccord Genuity Group upped their target price on shares of Barrick Gold from C$68.00 to C$73.00 and gave the company a “buy” rating in a research note on Tuesday. Citigroup reduced their price target on shares of Barrick Gold from C$48.00 to C$41.00 and set a “neutral” rating for the company in a research note on Monday, July 27th. Barclays boosted their price objective on shares of Barrick Gold from C$55.00 to C$58.00 in a report on Thursday, August 13th. National Bank Financial increased their price objective on shares of Barrick Gold from C$67.50 to C$70.00 and gave the company an “outperform” rating in a research report on Tuesday, August 11th. Finally, Royal Bank Of Canada dropped their target price on shares of Barrick Gold from C$51.00 to C$49.00 and set an “outperform” rating on the stock in a report on Thursday, July 9th. Three research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$67.67.

Read Our Latest Stock Analysis on Barrick Gold

About Barrick Gold

(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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