Insider Selling: Barrick Gold (TSE:ABX) Insider Sells C$5,129,981.48 in Stock

Barrick Gold Co. (TSE:ABX – Get Free Report) (NYSE:ABX) insider Darian Kevin Rich sold 75,452 shares of Barrick Gold stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of C$67.99, for a total transaction of C$5,129,981.48. Following the transaction, the insider directly owned 235,252 shares in the company, valued at approximately C$15,994,783.48. This represents a 24.28% decrease in their position.

Barrick Gold Price Performance

Shares of TSE ABX opened at C$65.59 on Friday. The stock’s 50 day moving average price is C$55.22 and its 200-day moving average price is C$57.61. The company has a quick ratio of 2.62, a current ratio of 3.01 and a debt-to-equity ratio of 17.15. The company has a market capitalization of C$109.90 billion, a PE ratio of 16.95, a PEG ratio of 2.34 and a beta of 1.60. Barrick Gold Co. has a twelve month low of C$35.97 and a twelve month high of C$74.00.

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on ABX. Barclays lifted their price target on shares of Barrick Gold from C$55.00 to C$58.00 in a report on Thursday, August 13th. Raymond James Financial reduced their price objective on Barrick Gold from C$58.00 to C$56.00 and set an “outperform” rating for the company in a report on Tuesday, August 11th. National Bank Financial raised their target price on Barrick Gold from C$67.50 to C$70.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 11th. ATB Cormark Capital Markets lowered their target price on Barrick Gold from C$60.00 to C$57.00 and set a “sector perform” rating on the stock in a research note on Tuesday, August 11th. Finally, Citigroup dropped their price target on Barrick Gold from C$48.00 to C$41.00 and set a “neutral” rating on the stock in a research report on Monday, July 27th. 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$67.67.

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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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