Shares of Barrick Gold Co. (TSE:ABX – Get Free Report) (NYSE:ABX) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$57.51 and traded as high as C$64.18. Barrick Gold shares last traded at C$63.84, with a volume of 5,510,979 shares.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on the company. Citigroup reduced their price objective on 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. Raymond James Financial lowered their target price on Barrick Gold from C$58.00 to C$56.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 11th. ATB Cormark Capital Markets reduced their price target on shares of Barrick Gold from C$60.00 to C$57.00 and set a “sector perform” rating for the company in a research report on Tuesday, August 11th. Royal Bank Of Canada decreased their price target on shares of 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. Finally, Barclays upped their price objective on shares of Barrick Gold from C$55.00 to C$58.00 in a report on Thursday, August 13th. Three equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$68.00.
Check Out Our Latest Stock Analysis on Barrick Gold
Barrick Gold Price Performance
Barrick Gold (TSE:ABX – Get Free Report) (NYSE:ABX) last issued its quarterly earnings data on Monday, August 10th. The basic materials company reported C$1.17 EPS for the quarter. Barrick Gold had a return on equity of 24.57% and a net margin of 31.60%.The firm had revenue of C$6.06 billion during the quarter. Equities research analysts expect that Barrick Gold Co. will post 2.2422764 earnings per share for the current year.
Insider Buying and Selling at Barrick Gold
In related news, Director Robert Ananda Paul Samek acquired 10,000 shares of the company’s stock in a transaction on Friday, June 5th. The shares were acquired at an average cost of C$55.06 per share, for a total transaction of C$550,600.00. Following the purchase, the director owned 18,900 shares in the company, valued at approximately C$1,040,634. The trade was a 112.36% increase in their ownership of the stock. Also, Director Mark Francis Hill sold 9,453 shares of Barrick Gold stock in a transaction 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 transaction, the director directly owned 334,176 shares in the company, valued at C$18,997,905.60. This represents a 2.75% decrease in their ownership of the stock. Insiders have sold 134,422 shares of company stock valued at $7,695,879 in the last quarter. 0.60% of the stock is currently owned by corporate insiders.
About Barrick Gold
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.
See Also
- Five stocks we like better than Barrick Gold
- 3 Stocks Came Roaring Back—Now They’re Flashing Warning Signs
- 3 Beaten-Down Stocks That Haven’t Gotten the Message About the S&P 500’s Record Run
- Darden Restaurants Just Hit a 52-Week High–Is the Olive Garden Comeback Story Legit?
- Flash in the Pan or Sustained Rally Contender? 3 Momentum Stocks to Watch
Receive News & Ratings for Barrick Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barrick Gold and related companies with MarketBeat.com's FREE daily email newsletter.
