Barrick Gold (TSE:ABX) Director Mark Francis Hill Sells 174,778 Shares of Company Stock

Key Points

• Director Mark Francis Hill sold 174,778 Barrick Gold shares at an average price of C$59.47, generating approximately C$10.39 million. His remaining direct ownership fell 58.13% to 125,914 shares.
• Barrick Gold shares recently traded at C$57.87, with a market capitalization of about C$95.25 billion and a 52-week range of C$42.62 to C$74.00.
• Analysts maintain a consensus “Buy” rating with an average price target of C$67.67, while the company reported C$1.17 in quarterly EPS and C$6.06 billion in revenue.

Barrick Gold Co. (TSE:ABX - Get Free Report) NYSE: ABX Director Mark Francis Hill sold 174,778 shares of the company's stock in a transaction that occurred on Friday, September 25th. The stock was sold at an average price of C$59.47, for a total transaction of C$10,394,047.66. Following the completion of the sale, the director directly owned 125,914 shares of the company's stock, valued at approximately C$7,488,105.58. This represents a 58.13% decrease in their ownership of the stock.

Barrick Gold Price Performance

Shares of ABX stock traded down C$0.60 during mid-day trading on Wednesday, hitting C$57.87. 3,175,209 shares of the stock traded hands, compared to its average volume of 5,335,473. The company's 50-day simple moving average is C$59.16 and its 200-day simple moving average is C$56.89. Barrick Gold Co. has a twelve month low of C$42.62 and a twelve month high of C$74.00. The firm has a market cap of C$95.25 billion, a price-to-earnings ratio of 14.95, a price-to-earnings-growth ratio of 2.34 and a beta of 1.68. 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 issued its quarterly earnings results on Monday, August 10th. The basic materials company reported C$1.17 EPS for the quarter. Barrick Gold had a net margin of 31.60% and a return on equity of 24.57%. The firm had revenue of C$6.06 billion for the quarter. As a group, equities research analysts expect that Barrick Gold Co. will post 2.2422764 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ABX. Citigroup upgraded shares of Barrick Gold to a "hold" rating in a report on Thursday, September 3rd. Royal Bank Of Canada cut their price objective 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. Canaccord Genuity Group raised their price objective on Barrick Gold from C$68.00 to C$73.00 and gave the stock a "buy" rating in a research note on Tuesday, August 25th. Barclays lifted their target price on Barrick Gold from C$55.00 to C$58.00 in a report on Thursday, August 13th. Finally, Raymond James Financial cut 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. 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, Barrick Gold presently has a consensus rating of "Buy" and a consensus target price of C$67.67.

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.

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