Barrick Gold Co. (TSE:ABX - Get Free Report) NYSE: ABX's stock price 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 changing hands.
Wall Street Analyst Weigh In
ABX has been the subject of several analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Barrick Gold from C$91.00 to C$79.00 in a research note on Thursday, April 23rd. Barclays increased their price target on Barrick Gold from C$55.00 to C$58.00 in a report on Thursday, August 13th. National Bank Financial upped their price objective on Barrick Gold from C$67.50 to C$70.00 and gave the company an "outperform" rating in a research report on Tuesday, August 11th. Royal Bank Of Canada decreased their target price on Barrick Gold from C$51.00 to C$49.00 and set an "outperform" rating for the company in a research report on Thursday, July 9th. Finally, Raymond James Financial lowered their target price on shares of Barrick Gold from C$58.00 to C$56.00 and set an "outperform" rating for the company in a research note on Tuesday, August 11th. Three analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of C$68.00.
View Our Latest Stock Analysis on ABX
Barrick Gold Stock Up 2.4%
The firm has a market capitalization of C$106.96 billion, a PE ratio of 16.50, a PEG ratio of 2.34 and a beta of 1.60. The company has a fifty day simple moving average of C$54.42 and a two-hundred day simple moving average of C$57.51. The company has a debt-to-equity ratio of 17.15, a quick ratio of 2.62 and a current ratio of 3.01.
Barrick Gold (TSE:ABX - Get Free Report) NYSE: ABX last posted its quarterly earnings results 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 for the quarter. Barrick Gold had a return on equity of 24.57% and a net margin of 31.60%. Analysts forecast that Barrick Gold Co. will post 2.2422764 EPS for the current fiscal year.
Insider Transactions at Barrick Gold
In other Barrick Gold news, Director Robert Ananda Paul Samek bought 10,000 shares of the business's stock in a transaction on Friday, June 5th. The shares were acquired at an average price of C$55.06 per share, with a total value of C$550,600.00. Following the transaction, the director owned 18,900 shares of the company's stock, valued at approximately C$1,040,634. This trade represents a 112.36% increase in their position. Also, Director Mark Francis Hill sold 9,453 shares of the business's stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of C$56.85, for a total transaction of C$537,403.05. Following the completion of the sale, the director owned 334,176 shares of the company's stock, valued at approximately C$18,997,905.60. This represents a 2.75% decrease in their position. Over the last ninety days, insiders sold 134,422 shares of company stock valued at $7,695,879. 0.60% of the stock is owned by insiders.
About Barrick Gold
(
Get Free Report)
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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