Barrick Gold Co. (TSE:ABX – Get Free Report) (NYSE:ABX) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$60.25 and traded as low as C$50.88. Barrick Gold shares last traded at C$52.15, with a volume of 5,457,448 shares changing hands.
Analyst Ratings Changes
A number of analysts recently weighed in on ABX shares. Sanford C. Bernstein upped their target price on shares of Barrick Gold from C$86.00 to C$91.00 in a research note on Monday, April 20th. National Bank Financial lifted their price target on shares of Barrick Gold from C$72.50 to C$75.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 12th. JPMorgan Chase & Co. lowered their price target on shares of Barrick Gold from C$91.00 to C$79.00 in a report on Thursday, April 23rd. Barclays set a C$56.00 price objective on shares of Barrick Gold and gave the company an “equal weight” rating in a research report on Friday, May 22nd. Finally, ATB Cormark Capital Markets lowered shares of Barrick Gold from a “moderate buy” rating to a “hold” rating and raised their price objective for the company from C$70.00 to C$75.00 in a report on Tuesday, April 7th. Five analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$76.78.
Barrick Gold Trading Up 4.0%
Barrick Gold (TSE:ABX – Get Free Report) (NYSE:ABX) last issued its earnings results on Monday, May 11th. The basic materials company reported C$1.36 earnings per share for the quarter. The business had revenue of C$5.81 billion for the quarter. Barrick Gold had a return on equity of 23.48% and a net margin of 32.04%. As a group, research analysts forecast that Barrick Gold Co. will post 2.2422764 EPS for the current fiscal year.
Insider Buying and Selling
In related news, Director Robert Ananda Paul Samek acquired 10,000 shares of Barrick Gold stock in a transaction dated Friday, June 5th. The stock was acquired at an average price of C$55.06 per share, for a total transaction of C$550,600.00. Following the transaction, the director owned 18,900 shares of the company’s stock, valued at C$1,040,634. This represents a 112.36% increase in their ownership of the stock. Also, Director Mark Francis Hill sold 9,453 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of C$56.85, for a total transaction of C$537,403.05. Following the sale, the director owned 334,176 shares of the company’s stock, valued at C$18,997,905.60. This represents a 2.75% decrease in their position. In the last three months, insiders have sold 134,422 shares of company stock worth $7,695,879. 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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