Barrick Gold Corp (TSE:ABX) (NYSE:ABX) Director Graham G. Clow acquired 5,000 shares of Barrick Gold stock in a transaction dated Tuesday, December 19th. The shares were bought at an average cost of C$14.44 per share, for a total transaction of C$72,200.00.
Barrick Gold Corp (TSE:ABX) traded up C$0.52 during mid-day trading on Friday, hitting C$18.88. 2,517,900 shares of the stock traded hands, compared to its average volume of 2,700,000. Barrick Gold Corp has a 1 year low of C$17.07 and a 1 year high of C$27.19. The stock has a market capitalization of $22,020.00, a price-to-earnings ratio of 8.07 and a beta of -0.88.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Thursday, November 30th were issued a $0.037 dividend. This is a positive change from Barrick Gold’s previous quarterly dividend of $0.03. This represents a $0.15 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date was Wednesday, November 29th. Barrick Gold’s payout ratio is presently 4.70%.
Several analysts recently issued reports on the company. BMO Capital Markets reissued a “market perform” rating and issued a C$18.00 target price on shares of Barrick Gold in a research note on Friday, October 13th. CSFB cut their target price on Barrick Gold to C$24.00 and set a “neutral” rating on the stock in a research note on Thursday, October 26th. Canaccord Genuity cut their target price on Barrick Gold from C$30.00 to C$27.50 in a research note on Friday, September 29th. Royal Bank of Canada lowered shares of Barrick Gold from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from C$21.00 to C$18.00 in a report on Wednesday, November 1st. Finally, TD Securities lowered their price objective on shares of Barrick Gold to C$22.00 and set a “hold” rating for the company in a report on Monday, November 6th. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of C$22.83.
TRADEMARK VIOLATION WARNING: “Barrick Gold Corp (TSE:ABX) Director Purchases C$72,200.00 in Stock” was first posted by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are viewing this piece of content on another domain, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be accessed at https://www.thelincolnianonline.com/2018/01/13/graham-g-clow-buys-5000-shares-of-barrick-gold-co-abx-stock-updated-updated.html.
About Barrick Gold
Barrick Gold Corporation (Barrick) is a gold mining company. The Company is principally engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. The Company’s segments include Goldstrike, Cortez, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Acacia Mining plc (Acacia), Pascua-Lama and Other Mines.
Receive News & Ratings for Barrick Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barrick Gold and related companies with MarketBeat.com's FREE daily email newsletter.