Barrick Gold (TSE:ABX) Insider Rousseau Jooste Sells 3,000 Shares

Key Points

• Rousseau Jooste, an insider at Barrick Gold, sold 3,000 shares for approximately C$122,112, reducing their holdings by 4.90% to about 58,237 shares.
• Despite the insider sale, Barrick Gold's stock rose to C$45.63, with trading volume significantly increasing compared to its average.
• Research analysts have recently upgraded Barrick Gold's rating, with several firms increasing their target prices, indicating a consensus rating of "Moderate Buy."

Barrick Gold Co. (TSE:ABX - Get Free Report) NYSE: ABX insider Rousseau Jooste sold 3,000 shares of the stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of C$40.70, for a total transaction of C$122,112.00. Following the sale, the insider directly owned 58,237 shares in the company, valued at C$2,370,478.85. This represents a 4.90% decrease in their position.

Barrick Gold Stock Up 9.7%

Shares of ABX traded up C$4.03 during mid-day trading on Friday, hitting C$45.55. 14,916,634 shares of the company's stock were exchanged, compared to its average volume of 4,045,479. The company has a market cap of C$77.71 billion, a price-to-earnings ratio of 28.65, a P/E/G ratio of 2.34 and a beta of 0.72. Barrick Gold Co. has a fifty-two week low of C$21.73 and a fifty-two week high of C$45.74. The company has a debt-to-equity ratio of 19.83, a quick ratio of 2.62 and a current ratio of 2.65. The stock's 50-day moving average is C$34.21 and its 200-day moving average is C$29.66.

Analyst Ratings Changes

Several analysts have recently issued reports on ABX shares. BMO Capital Markets increased their price target on shares of Barrick Gold from C$31.00 to C$37.00 in a research report on Friday, September 12th. Cibc World Mkts raised shares of Barrick Gold from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 12th. Finally, Cormark raised their target price on shares of Barrick Gold from C$35.00 to C$45.00 in a report on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, Barrick Gold has a consensus rating of "Moderate Buy" and an average price target of C$34.89.

Barrick Gold Company Profile

Barrick Gold Corp is one of the world's largest gold producers, operating mines in North America, South America, Australia, and Africa. The company segments consist of nine gold mines namely Carlin, Cortez, Turquoise Ridge, Pueblo Viejo, Loulo-Gounkoto, Kibali, Veladero, North Mara, and Bulyanhulu. It generates maximum revenue from the Carlin mine segment.