Insider Selling: Barrick Gold Co. (TSE:ABX) Director Sells 36,000 Shares of Stock

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) Director Andrew James Quinn sold 36,000 shares of the stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of C$23.00, for a total value of C$828,000.00.

Barrick Gold Trading Down 2.3 %

TSE ABX opened at C$22.68 on Friday. Barrick Gold Co. has a fifty-two week low of C$18.65 and a fifty-two week high of C$26.05. The company has a debt-to-equity ratio of 14.67, a quick ratio of 2.62 and a current ratio of 3.32. The stock has a 50 day simple moving average of C$23.10 and a two-hundred day simple moving average of C$22.37. The stock has a market cap of C$39.92 billion, a P/E ratio of 20.07, a price-to-earnings-growth ratio of 1.94 and a beta of 0.46.

Barrick Gold (TSE:ABX) (NYSE:ABX) last released its earnings results on Wednesday, May 1st. The basic materials company reported C$0.26 EPS for the quarter, beating analysts’ consensus estimates of C$0.22 by C$0.04. The company had revenue of C$3.70 billion during the quarter, compared to analysts’ expectations of C$3.98 billion. Barrick Gold had a return on equity of 6.83% and a net margin of 12.58%. On average, analysts forecast that Barrick Gold Co. will post 1.4494519 earnings per share for the current year.

Barrick Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Friday, May 31st were given a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend was Friday, May 31st. This is a positive change from Barrick Gold’s previous quarterly dividend of $0.10. Barrick Gold’s dividend payout ratio (DPR) is 48.67%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Canaccord Genuity Group increased their target price on Barrick Gold from C$27.00 to C$30.00 in a report on Tuesday, April 23rd. Veritas Investment Research increased their target price on Barrick Gold from C$20.70 to C$25.00 in a report on Friday, April 12th. Sanford C. Bernstein increased their target price on Barrick Gold from C$31.00 to C$32.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. Berenberg Bank increased their target price on Barrick Gold from C$29.00 to C$31.00 in a report on Monday, April 8th. Finally, Stifel Nicolaus increased their target price on Barrick Gold from C$25.00 to C$27.00 and gave the company a “buy” rating in a report on Friday, April 19th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Barrick Gold currently has an average rating of “Moderate Buy” and a consensus target price of C$29.73.

Barrick Gold Company Profile

Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties in Canada and internationally. The company also explores and sells silver and energy materials. It has ownership interests in producing gold mines located in Argentina, Canada, Côte d'Ivoire, the Democratic Republic of Congo, the Dominican Republic, Mali, Tanzania, and the United States.