Grant Bill Beringer Sells 38,000 Shares of Barrick Gold (TSE:ABX) Stock

Key Points

• Grant Bill Beringer, an insider at Barrick Gold, sold 38,000 shares of the company's stock for approximately C$1.56 million, reducing his ownership by 26.20%.
• The stock price of Barrick Gold has recently increased, closing at C$45.63, with a trading volume significantly above its average.
• Several analysts have upgraded the stock, with target prices rising from C$31.00 to as high as C$45.00, indicating positive sentiment and an average rating of "Moderate Buy".

Barrick Gold Co. (TSE:ABX - Get Free Report) NYSE: ABX insider Grant Bill Beringer sold 38,000 shares of Barrick Gold stock in a transaction on Thursday, September 18th. The shares were sold at an average price of C$41.13, for a total transaction of C$1,562,959.00. Following the completion of the transaction, the insider directly owned 107,047 shares in the company, valued at C$4,402,896.63. The trade was a 26.20% decrease in their ownership of the stock.

Barrick Gold Stock Performance

Shares of Barrick Gold stock traded up C$4.11 during trading on Friday, reaching C$45.63. The company's stock had a trading volume of 9,250,881 shares, compared to its average volume of 4,013,619. Barrick Gold Co. has a fifty-two week low of C$21.73 and a fifty-two week high of C$45.67. The firm has a market cap of C$77.84 billion, a PE ratio of 28.70, a P/E/G ratio of 2.34 and a beta of 0.72. The company has a 50-day moving average price of C$33.88 and a two-hundred day moving average price of C$29.50. The company has a current ratio of 2.65, a quick ratio of 2.62 and a debt-to-equity ratio of 19.83.

Analyst Upgrades and Downgrades

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

About Barrick Gold

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.

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