Robert Ananda Paul Samek Purchases 10,000 Shares of Barrick Gold (TSE:ABX) Stock

Barrick Gold Co. (TSE:ABX – Get Free Report) (NYSE:ABX) Director Robert Ananda Paul Samek acquired 10,000 shares of Barrick Gold stock in a transaction that occurred on Friday, June 5th. The stock was acquired at an average price of C$55.06 per share, with a total value of C$550,600.00. Following the completion of the acquisition, the director directly owned 18,900 shares in the company, valued at C$1,040,634. This represents a 112.36% increase in their position.

Barrick Gold Price Performance

TSE ABX opened at C$54.53 on Wednesday. Barrick Gold Co. has a one year low of C$27.29 and a one year high of C$74.00. The stock has a 50-day moving average of C$57.40 and a 200 day moving average of C$60.38. The company has a market capitalization of C$91.37 billion, a price-to-earnings ratio of 15.06, a PEG ratio of 2.34 and a beta of 1.50. The company has a debt-to-equity ratio of 17.29, a quick ratio of 2.62 and a current ratio of 3.06.

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Barrick Gold (TSE:ABX – Get Free Report) (NYSE:ABX) last released its quarterly earnings data on Monday, May 11th. The basic materials company reported C$1.36 EPS for the quarter. The company had revenue of C$5.81 billion during the quarter. Barrick Gold had a return on equity of 23.48% and a net margin of 32.04%. On average, sell-side analysts forecast that Barrick Gold Co. will post 2.2422764 EPS for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on the company. BMO Capital Markets raised their target price on Barrick Gold from C$55.00 to C$65.00 in a research report on Wednesday, April 22nd. 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. JPMorgan Chase & Co. dropped their target price on Barrick Gold from C$91.00 to C$79.00 in a research report on Thursday, April 23rd. Stifel Nicolaus raised their target price on Barrick Gold from C$65.00 to C$95.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. Finally, National Bank Financial raised 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. Five research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Barrick Gold has a consensus rating of “Buy” and an average target price of C$76.78.

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About Barrick Gold

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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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