Insider Selling: Barrick Gold (TSE:ABX) Insider Sells 13,588 Shares of Stock

Key Points

• Joel James Holliday, an insider at Barrick Gold, sold 13,588 shares of stock at an average price of C$40.38, reducing their ownership by 13.91%.
• Following the insider selling, Barrick Gold shares rose by C$4.11 to C$45.63, with an increased trading volume of 9,250,881 shares compared to its average.
• Recent analyst reports have led to several upgrades for Barrick Gold, with Cormark raising their price objective from C$35.00 to C$45.00 and Cibc World Mkts upgrading their rating from "hold" to "strong-buy".

Barrick Gold Co. (TSE:ABX - Get Free Report) NYSE: ABX insider Joel James Holliday sold 13,588 shares of the business's stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of C$40.38, for a total transaction of C$548,735.07. Following the completion of the transaction, the insider directly owned 84,087 shares in the company, valued at C$3,395,752.59. This trade represents a 13.91% decrease in their ownership of the stock.

Barrick Gold Stock Performance

Shares of TSE:ABX traded up C$4.11 during midday trading on Friday, reaching C$45.63. The company had a trading volume of 9,250,881 shares, compared to its average volume of 4,013,619. The company's 50 day moving average price is C$33.88 and its 200 day moving average price is 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. The stock has a market cap of C$77.84 billion, a P/E ratio of 28.70, a P/E/G ratio of 2.34 and a beta of 0.72. Barrick Gold Co. has a 52-week low of C$21.73 and a 52-week high of C$45.67.

Wall Street Analyst Weigh In

ABX has been the topic of several recent research reports. Cormark upped their price objective on shares of Barrick Gold from C$35.00 to C$45.00 in a report on Thursday. Cibc World Mkts raised shares of Barrick Gold from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 12th. Finally, BMO Capital Markets upped their price objective on shares of Barrick Gold from C$31.00 to C$37.00 in a report on Friday, September 12th. Three equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.