Darian Kevin Rich Sells 75,452 Shares of Barrick Gold (TSE:ABX) Stock

Barrick Gold Co. (TSE:ABX) (NYSE:ABX) insider Darian Kevin Rich sold 75,452 shares of the stock in a transaction dated 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 completion of the sale, the insider 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 ownership of the stock.

Barrick Gold Trading Up 0.9%

TSE:ABX traded up C$0.57 during trading hours on Tuesday, hitting C$67.20. The company had a trading volume of 1,298,207 shares, compared to its average volume of 5,524,172. Barrick Gold Co. has a 1 year low of C$35.97 and a 1 year high of C$74.00. The company has a current ratio of 3.01, a quick ratio of 2.62 and a debt-to-equity ratio of 17.15. The company has a 50-day moving average of C$54.77 and a 200 day moving average of C$57.54. The company has a market cap 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) (NYSE:ABX) last announced its quarterly earnings results on Monday, August 10th. The basic materials company reported C$1.17 earnings per share (EPS) for the quarter. The business had revenue of C$6.06 billion during the quarter. Barrick Gold had a net margin of 31.60% and a return on equity of 24.57%. Sell-side analysts expect that Barrick Gold Co. will post 2.2422764 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on ABX. Barclays increased their price objective on Barrick Gold from C$55.00 to C$58.00 in a research report on Thursday, August 13th. ATB Cormark Capital Markets reduced their price target on shares of Barrick Gold from C$60.00 to C$57.00 and set a “sector perform” rating for the company in a research report on Tuesday, August 11th. Raymond James Financial cut 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 research report on Tuesday, August 11th. National Bank Financial increased their price objective on Barrick Gold from C$67.50 to C$70.00 and gave the company an “outperform” rating in a research note on Tuesday, August 11th. Finally, Royal Bank Of Canada lowered 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 note on Thursday, July 9th. Three analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Barrick Gold presently has an average rating of “Buy” and a consensus price target of C$67.67.

About Barrick Gold

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.