Joel James Holliday Sells 20,000 Shares of Barrick Gold Co. (TSE:ABX) Stock

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) Senior Officer Joel James Holliday sold 20,000 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of C$27.36, for a total transaction of C$547,298.10.

Barrick Gold Stock Performance

ABX stock traded up C$0.16 during midday trading on Tuesday, hitting C$27.46. 1,531,232 shares of the company traded hands, compared to its average volume of 3,590,519. Barrick Gold Co. has a twelve month low of C$18.65 and a twelve month high of C$28.67. The stock has a market capitalization of C$48.06 billion, a price-to-earnings ratio of 23.33, a price-to-earnings-growth ratio of 1.94 and a beta of 0.49. The company has a quick ratio of 2.62, a current ratio of 3.01 and a debt-to-equity ratio of 14.54. The business has a 50 day simple moving average of C$26.13 and a 200-day simple moving average of C$24.00.

Barrick Gold (TSE:ABX) (NYSE:ABX) last posted its earnings results on Monday, August 12th. The basic materials company reported C$0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.36 by C$0.08. The business had revenue of C$4.33 billion for the quarter, compared to analyst estimates of C$4.12 billion. Barrick Gold had a net margin of 12.78% and a return on equity of 7.20%. As a group, equities research analysts predict that Barrick Gold Co. will post 2.2676519 earnings per share for the current year.

Barrick Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were given a dividend of $0.138 per share. This represents a $0.55 annualized dividend and a dividend yield of 2.01%. The ex-dividend date was Friday, August 30th. This is a boost from Barrick Gold’s previous quarterly dividend of $0.14. Barrick Gold’s payout ratio is currently 46.15%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ABX. Canaccord Genuity Group upped their price target on shares of Barrick Gold from C$31.00 to C$33.00 in a research note on Tuesday, July 23rd. Argus upgraded Barrick Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 29th. Finally, Eight Capital increased their price objective on Barrick Gold from C$36.00 to C$38.00 in a report on Thursday, July 11th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$30.18.

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.