Barrick Gold (TSE:ABX) Insider Sarah Anna Ball Teslik Buys 12,613 Shares of Stock

Key Points

• Insider purchase: Barrick Gold insider Sarah Anna Ball Teslik bought 12,613 shares at an average of C$67.27, investing approximately C$848,477 and increasing her stake to 12,613 shares.
• Market and financial performance: The stock rose 0.9% to C$67.20, while the company reported quarterly EPS of C$1.17 and revenue of C$6.06 billion, with a 31.6% net margin.
• Analyst outlook: Analysts maintain an average “Buy” rating and a consensus price target of C$67.67, although individual targets range widely from C$41.00 to C$70.00.

Barrick Gold Co. (TSE:ABX - Get Free Report) NYSE: ABX insider Sarah Anna Ball Teslik acquired 12,613 shares of the stock in a transaction dated Friday, August 21st. The shares were bought at an average cost of C$67.27 per share, with a total value of C$848,476.51. Following the completion of the transaction, the insider owned 12,613 shares of the company's stock, valued at approximately C$848,476.51. This represents a ∞ increase in their position.

Barrick Gold Stock Up 0.9%

Shares of Barrick Gold stock traded up C$0.57 during trading on Tuesday, hitting C$67.20. 1,298,207 shares of the stock were exchanged, compared to its average volume of 5,524,172. Barrick Gold Co. has a 12-month low of C$35.97 and a 12-month high of C$74.00. The company has a debt-to-equity ratio of 17.15, a current ratio of 3.01 and a quick ratio of 2.62. The stock has a market cap of C$112.59 billion, a price-to-earnings ratio of 17.36, a price-to-earnings-growth ratio of 2.34 and a beta of 1.60. The firm's 50-day moving average price is C$54.77 and its 200 day moving average price is C$57.54.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Raymond James Financial reduced their target price 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 increased their price target on shares of Barrick Gold from C$67.50 to C$70.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 11th. ATB Cormark Capital Markets reduced their target price on shares of Barrick Gold from C$60.00 to C$57.00 and set a "sector perform" rating on the stock in a report on Tuesday, August 11th. Citigroup decreased their price objective on shares of Barrick Gold from C$48.00 to C$41.00 and set a "neutral" rating for the company in a research report on Monday, July 27th. Finally, Barclays increased their price objective on shares of Barrick Gold from C$55.00 to C$58.00 in a research note on Thursday, August 13th. Three investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, Barrick Gold has an average rating of "Buy" and an average price target 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source