Insider Selling: Barrick Gold (TSE:ABX) Insider Sells C$5,129,981.48 in Stock

Key Points

• Barrick Gold insider Darian Kevin Rich sold 75,452 shares at an average price of C$67.99, generating C$5.13 million and reducing his position by 24.28% to 235,252 shares.
• Barrick shares traded at C$67.20, near the analyst consensus target of C$67.67, with a 52-week range of C$35.97 to C$74.00. Analysts maintain a consensus “Buy” rating.
• The company reported quarterly EPS of C$1.17 and revenue of C$6.06 billion, alongside a 31.60% net margin and 24.57% return on equity.

Barrick Gold Co. (TSE:ABX - Get Free Report) NYSE: ABX insider Darian Kevin Rich sold 75,452 shares of the firm's stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of C$67.99, for a total transaction of C$5,129,981.48. Following the sale, the insider directly owned 235,252 shares of the company's stock, valued at C$15,994,783.48. This trade represents a 24.28% decrease in their position.

Barrick Gold Stock Performance

ABX traded up C$0.57 during mid-day trading on Tuesday, reaching C$67.20. 1,298,207 shares of the company traded hands, compared to its average volume of 5,524,172. The company's fifty day moving average price is C$54.77 and its 200-day moving average price is C$57.54. Barrick Gold Co. has a 52-week low of C$35.97 and a 52-week high of C$74.00. The company has a quick ratio of 2.62, a current ratio of 3.01 and a debt-to-equity ratio of 17.15. The stock has a market capitalization of C$112.59 billion, a P/E ratio of 17.36, a P/E/G ratio of 2.34 and a beta of 1.60.

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 EPS for the quarter. Barrick Gold had a return on equity of 24.57% and a net margin of 31.60%.The company had revenue of C$6.06 billion for the quarter. On average, sell-side analysts expect that Barrick Gold Co. will post 2.2422764 EPS for the current year.

Wall Street Analyst Weigh In

ABX has been the topic of several recent research reports. National Bank Financial increased their target price 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. Raymond James Financial reduced 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 report on Tuesday, August 11th. Canaccord Genuity Group raised their price target on shares of Barrick Gold from C$68.00 to C$73.00 and gave the company a "buy" rating in a report on Tuesday. Royal Bank Of Canada decreased their target price on shares of 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, Barclays lifted their price target on shares of Barrick Gold from C$55.00 to C$58.00 in a report on Thursday, August 13th. Three equities research 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 stock. Based on data from MarketBeat, Barrick Gold presently has a consensus rating of "Buy" and a consensus target price of C$67.67.

Barrick Gold Company Profile

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